Hanley Economic launches self-build direct to brokers

A self-build proposition direct to intermediaries has been launched by Hanley Economic Building Society.

The offering includes a self-build product with an initial pay rate of 4.49 per cent and fees of £1,000. It is available on an arrears basis up to 80 per cent LTV.

A dedicated intermediary team and experienced underwriters have been appointed 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 with information including self-build criteria, how to submit an application and how they are assessed.

Hanley Economic head of marketing and business development David Lownds says: “Self-build is a key market for the society and is a growth sector which is providing an increasing number of opportunities for intermediaries.

“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.”



Nottingham ups self-build LTV, widens criteria

Nottingham Building Society has increased its maximum LTV and widened criteria on its self-build mortgages.  Self-builders will be able to borrow up to 75 per cent LTV on the purchase of land, and up to 85 per cent LTV of the final value of the property.  The previous LTVs were 65 per cent and 75 […]


Saffron for Intermediaries unveils replacement self-build loan

Saffron For Intermediaries has a new self-build mortgage product to replace its existing deals. The new mortgage is interest-only basis for 24 months, after which the borrower can switch to another Saffron mortgage or switch to another lender. Borrowers can draw-down funds as required and are no longer restricted by inflexible stage payments. Saffron will […]


Bank of England base rate rise predicted for coming months

The next Bank of England base rate rise may happen as early as May economists are suggesting, with the effect likely to be greater than last year’s rise according to brokers. The Bank of England’s Monetary Policy Committee is due to announce its latest decision on interest rates on Thursday. The Bank has previously hinted […]

Qatar cover image - thumbnail

White paper — Qatar International Insights

Jelf Employee Benefits highlights new legislation, key requirements and policy considerations when structuring international private medical insurance (IPMI) for expatriate employees in Qatar. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Qatar.


News and expert analysis straight to your inbox

Sign up