The Council of Mortgage Lenders has welcomed yesterday's announcement by the Building Research Establishment of a new quality standard for prefabricated building systems.
With the Government keen to promote the use of modern methods of construction, the CML believes the market needs a set of recognised standards to ensure that the new generation of prefabs are durable, robust, and suitable for mortgage lending purposes.
The CML says the new standard should provide extra reassurance for housing associations and other developers considering the use of system-built properties as an alternative to traditional methods. It adds that it should also help to reassure lenders about the quality of the particular system. It applies to light steel frame systems, timber frame systems, structural insulated panel systems, and pre-cast concrete frame systems.
CML director-general Michael Coogan says: “The type of homes that can be built using modern construction methods are a world away from the old-fashioned prefabs of the past. Yet they are regarded with caution by both developers and lenders because their long-term performance is unknown. The new standard should help to ensure that the new generation of prefabs are durable and robust, and can play a long-term role in the UK housing market.”