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.”