The Hanley Economic Building Society has launched a Self-Build Direct to Intermediaries proposition to provide an additional option for intermediaries with self-build clients.
This includes the introduction of a self-build product with an initial pay rate of 4.49%, fees of £1,000 and is available on an arrears basis up to 80% LTV. A dedicated intermediary team and experienced underwriters are on hand to assess each application on an individual basis.
An online self-build hub has also been developed to help guide intermediaries and their clients through the self-build process.
This hosts resources and information including:
- Self-build criteria
- Submitting an application
- Assessing your application
- Releasing funds
- Completion of the project
- Service standards
- Self-build downloads
David Lownds, head of marketing and business development at the Hanley Economic Building Society, said: “Self-build is a key market for the Society and is a growth sector which is providing an increasing number of opportunities for intermediaries. We’ve been helping self-builders to build or renovate their homes for roughly a decade now and have a wealth of knowledge and experience across a wide range of construction types – from traditional brick and block through to modern methods of construction.
“However, this is a sector which can often be a complex and onerous one without the right support network in place. This is why we launched our Self-Build Direct to Intermediaries offering and, after initial feedback in its pilot stage, added a self-build hub to make the process even simpler for our intermediary partners. And we are looking forward to engaging with more intermediaries to see how they can help clients turn their self-build dreams into a reality.”