Tips, steps, procedures, comparison tools... Everything you need to get to your new home.
I want to build my own home.
In the time it takes you to find out where to resolve an issue, we could already be talking.
But where should you put the windows and the pool? How are you going to pay for it?
This is a very important and exciting time. You will be choosing non-stop between this and that, between lime green and pistachio, between... But some decisions will affect the entire project. Let's review some of the earlier points to make it easier to see everything.
- It's your home. That is why you need your own plans, to your tastes.
- And people you trust by your side: an architect, builder and bank.
- Don't be in a hurry. Consider various options and estimates.
- Stop, think and enjoy the experience. Your home reflects how you live and how you want to live.
This is how self-build mortgages work.
- Have land registered in the Property Registry.
- The land is classified for development.
- Have a licence to build from the local council where your house will be.
- Design a plan that will have to be validated by the College of Architects.
- Get an energy performance certificate.
- Have a construction estimate for the work from the company that will be responsible for the construction.
Just like your house, the money you have been granted will arrive in stages:
Initial or land section
You will initially receive up to 50% of the appraised value of the land where you will build your house.
You will receive the amounts needed to cover the phases of the construction as the work progresses and the architect issues certificates.
Completion of work period
You will receive the final payment, which is usually between 10% and 20%, once you get the completion certificate and the first occupation licence.
Something else to make it easier: we call this our Credichalet mortgage.
We think it is simpler than a self-build mortgage but it works in exactly the same way. We summarise some of its features so you start to design your dreams.
- Finance up to 80% of your first home and up to 60% of your second home.
- Up to 30 years.
- As with normal mortgages, you can choose between fixed and variable rates.
- For your first or second home.
- Your monthly income must be more than €2,000.