Finance options for self builders
Unsure how to pay for a self build project, or what expenses are involved? You know that you need funding for it, but it can be hard to know how to allocate money. We’ve had our fair share of experience working with self builders so we know our way around your average project. Of course, you should always seek professional financial advice but this can get your checklist started.
When it comes to buying your materials & supplies, you can apply for a Self Build Account at Gibbs & Dandy. Our Self Build Account offers up to £20,000 of credit on 60 day terms. When applying for your account, discuss your specific requirements with expert colleagues at your local branch. Download our Self Build Account application form to get started.
Remember, it’s completely usual for self builders to borrow about 75-85% of the overall project price. This is a short list of how much funding to allocate to necessary expenses:
- Land plots can account for 60%
- Building materials could use up 20%
- Labour can make up 25%