Hanley Economic Launches Advance Stage Payment Self-Build Mortgage with BuildLoan
Wed, 26 Nov 2025
self build house

Hanley Economic Launches Advance Stage Payment Self-Build Mortgage with BuildLoan

Hanley Economic Building Society is proud to announce the launch of a new two-year interest-only self-build variable discount mortgage, developed in partnership with BuildLoan. This innovative product is designed to offer greater flexibility and financial confidence to self-builders, helping them bring their dream homes to life.

Key Features of the New Mortgage

  • Initial pay rate of 5.84%
  • Advance stage payments – funds released at the start of each build stage
  • Up to 80% of build costs available at each stage
  • Maximum final loan-to-value (LTV) of 80%
  • Earned income considered for affordability up to age 75
  • Applications accepted with outline planning permission for the purchase of land

This product is available exclusively via BuildLoan, a specialist in self-build finance, ensuring borrowers and advisers benefit from expert guidance throughout the process.

Supporting Self-Builders with Upfront Cash Flow

One of the biggest challenges in self-build is managing cash flow. Traditional mortgages often release funds after each stage is completed, which can leave borrowers relying on personal savings or short-term borrowing. Hanley’s advanced stage payment structure changes that by releasing funds at the beginning of each stage, giving borrowers the financial flexibility to keep their projects moving smoothly.

Expanding Opportunities for Borrowers and Advisers

This mortgage also breaks new ground by allowing earned income to be considered up to age 75, extending beyond the typical market cap of 70. Additionally, borrowers can apply with outline planning permission (for the purchase of land), making it easier to secure land and begin their build journey sooner.

A Strategic Step Forward

David Lownds, Head of Products and Marketing at Hanley Economic Building Society, commented:

“Self-build is a key growth area for us, and we’re delighted to be expanding our proposition with this advanced stage payment product. Access to funds at the right time is often the biggest challenge for self-builders, so this is an important step in giving them greater flexibility and confidence.''