BuildLoan and The Hanley link up
“The Hanley” has been lending to self builders for a number of years and the Society won Self Build Lender of the year in 2012.
David Webster, chief executive of The Hanley Economic, said: “We have partnered with BuildStore since our entry into the market in 2009 and were delighted to win the Self Build Lender of the Year award in 2012 so we believe we have a pedigree in this market segment.
“Self build borrowers are aspirational and in need of efficient and professional support from their lender, so the tailored approach to customer service, for which The Hanley is renowned, is an excellent fit for brokers in search of a lender they can rely on.”
Lending is available up to 85% of costs, which is released in stages, and paid in advance of the construction phases.
Funds are released to purchase land/property from Outline Planning Stage.
Rachel Pyne, BuildLoan director, said: “I am particularly delighted to bring another Advance Stage Payment Lender to the intermediary sector.
“The team at Hanley are hugely experienced in self build and I am sure brokers will be delighted with the service offered by the Society.”