Self build mortgages with Tom McSherry

One of the most important aspects of building your new home is understanding how you will pay for it. Many opt for mortgages, but mortgages for self builders differ to those that would be offered for a standard house purchase. We’ve spoken to Tom McSherry to learn more about self build mortgages and how to finance self build and renovation projects with BuildStore. Find out more below.

Tell us a little bit about yourself

I have worked in the financial services industry for over 25 years. I have been with BuildStore since 2005, where I have specialised in self build mortgages and finance. I’m currently BuildStore’s National Relationship Manager. Here I provide expert advice to customers embarking on major homebuilding projects all across the UK.

You can often find me speaking at various self build events about self build finance. While recently these have mainly been virtual, I’m really looking forward to being at Frame Technologies’ inaugural event later this year at the NSBRC.

I have also completed two major homebuilding projects myself. I fully understand the challenges and excitement a self build project can bring!

What does BuildStore offer to self builders?

BuildStore Mortgage Services is the UK’s leading self build mortgage company, offering different finance options for projects. Whether that’s specially tailored mortgage solutions or insurance products, BuildStore is fully responsive to the needs of the growing self build market.

Speaking to one of our specialist mortgage advisers in the early stages of your project is really important. This helps us to understand your overall budget and borrowing options so we can find the most cost-effective option for you.

How does a self build mortgage differ to ‘normal’ mortgages?

When embarking on a self build project you will need a different type of mortgage. This works differently than those for a standard house purchase. This is because the money is released in stages, rather than one payment when the house is built.

Essentially, you can borrow money to fund the initial purchase of your plot and your building works in stages. So for building with timber frame, where full payment of your frame is required before delivery onsite, BuildStore’s unique cost-based stage payment mortgage suits well.

Find out more

BuildStore’s expert advisers can recommend and tailor a borrowing solution to suit your individual financial circumstances, build and payment schedule. You can learn more in our recent brochure, Homebuilding finance for Frame Technologies with BuildStore. For a free digital copy you can email

Along with Ruth and David, Tom will be one of the main speakers at our inaugural Frame Technologies event. This is on 1 May 2021 at the NSBRC. For more information, keep an eye on our Events page.