Hanley Economic sees self-build advances rise by over a third in 18 months.
Lending Criteria – Further Advance
Pre G40000 – Solicitors required. Additional borrowing for home improvements only
G40000 onwards & Pre Regulated M Accounts – Additional borrowing for home improvements only
If the above accounts require additional borrowing for Capital Raising purposes, this should be treated as a complete new mortgage – refer to the current residential lending criteria. Fees will be charged where applicable.
Regulated Mortgage Accounts – Additional borrowing for home improvements & capital raising
There must be a minimum period of 6 months between applications for further borrowing