Earl Shilton Building Society, or esbs, the Leicestershire-based mutual, is encouraging future home-owners by broadening their mortgage criteria to encompass innovative modern methods of construction (MMC).
shutterstock_557023783 – esbs now have a broader mortgage criteria
MMC refers to various techniques which can allow for all or part of a property to be built off-site and is one of the ways forward to address the demand for housing in the UK.
The reduced time and labour for construction can make MMC ideal for people considering building their own home, but many are put off by the perceived difficulty in securing a mortgage.
esbs review applications on a case-by-case basis, treating customers individually to determine the right product. Their knowledgeable advisers are on hand to help throughout the entire process.
Provided the non-standard construction is Buildoffsite Property Assurance Scheme (BOPAS) accredited, then esbs can help. However, criteria for this property type does differ to its standard criteria.
Paul Tilley, Chief Executive of esbs, said: “MMC evidently has a future in UK housebuilding, with the government also committing support, and we are proud to be supporting potential homeowners in their dreams of creating an MMC home.
“Therefore, I would urge these people to get in touch with us right away to discover their options in pursuing their self-build project.”
To apply for a mortgage you must be aged 18 or over. All applications will be subject to valuation, status and the Society’s Mortgage Conditions. We offer an advised sales process where we ask questions regarding your mortgage requirements/needs and your income and expenditure to ensure that we recommend the most suitable product for you. We will accept applications from applicants purchasing or remortgaging in England or Wales. For further information, or for a European Standardised Information Sheet (ESIS), please call on 01455 844422 and speak to one of our mortgage advisers, visit one of our branches, email firstname.lastname@example.org, or visit www.esbs.co.uk YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE