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Self build mortgage deposit.

  • 30-07-2016 04:19PM
    #1
    Barryb2
    Registered Users, Registered Users 2 Posts: 4 ✭


    Hi. I am a homeowner but Im considering building a house. If at all possible I dont want to sell my first property. I am currently at step zero. I have a piece of land but i still have to apply for planning permission. My main enquiry here is whether or not I can use the land as a deposit for the mortgage? Has anyone on here tried/done anything similar and if so any advice would be greatly appreciated.


Comments

  • #2
    Bank of Ireland: Tara P
    Closed Accounts Posts: 573 ✭✭✭Bank of Ireland: Tara P


    Hi Barryb2,

    Thank you for contacting us here today.

    If you’d like to send a private message including your full name and contact number and also your local branch we’d be happy to arrange for a mortgage advisor to call you to answer your queries in relation to getting a second mortgage.

    Thanks,

    Tara C
    Barryb2 wrote: »
    Hi. I am a homeowner but Im considering building a house. If at all possible I dont want to sell my first property. I am currently at step zero. I have a piece of land but i still have to apply for planning permission. My main enquiry here is whether or not I can use the land as a deposit for the mortgage? Has anyone on here tried/done anything similar and if so any advice would be greatly appreciated.


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