7/24/2023 0 Comments Building house mortgage calculatorThe cashback will be paid when we receive a completion certificate confirming that the heat pump has been installed by an approved installer.when you receive your first stage release/advance) and with the production of an MCS installer certificate. The cashback is payable within 18 months of completing your mortgage (i.e.The cashback value and installers accreditation requirements and how to claim will be shown in your personalised illustration and any Offer of Loan.When speaking to your appointed mortgage broker or one of our mortgage advisors, they will check your eligibility for the cashback.The process is simple and part of the mortgage process. Your property must have existing loft and cavity wall insulation.This offer applies to our self-build, renovation, conversion and shared ownership mortgages.Make sure that your installer is MCS accredited.£1,000 cashback for when you install a ground source heat pump.£500 cashback for when you install an air source heat pump.We offer a cashback for eligible residential mortgage applications for projects that include the installation of a heat pump. Once your self-build is complete and you achieve the appropriate energy certificate, we can lower your interest rate through our C-Change discounts. ![]() We normally recommend 20% of your total build budget as a good starting point to begin your self-build project. This type of mortgage may be suitable if you are able to make a 20% deposit for your plot and further funds to commence the early stages of the build. As you continue with your build, staged payments of up to 80% of your increased property value as the build progresses will be released – this will help you keep tabs on your budget and planning. Normally, we’ll release up to 80% of the plot purchase price or value of the property if you already own the land and subsequently, the money required to cover the build costs. Outline planning permission needs to be in place to apply for the mortgage and detailed planning needs to be granted before any mortgage funds are released. We’ll lend to support the purchase of the plot and the costs of your self-build project.
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