Suffolk BS are giving a boost to your energy efficient self builders and renovators from today.
Our new eco self build product is 10bps lower than our standard self build rate, and features a ‘knock down’ completion fee that’s £500 lower.
- Eco Self Build & Renovation 2 Year Discount 6.09% (SVR minus 2.60%) – £999 Completion Fee.
- The product is for self builders who intend to build a property with an EPC rating of A or B, which includes at least two of the following qualifying energy efficient features: photovoltaics, solar panels, air source heat pump, ground source heat pump, rain water harvesting, greywater collection, triple glazing, mechanical ventilation with heat recovery system, biomass pellet boiler, wind turbines, higher than usual levels of thermal insulation, geothermal heating, compostable toilet or electric car charging stations. These features will need to be evidenced in the plans/costings.
Why choose Suffolk Building Society for self build?
We’re experts at lending for new projects, conversions, renovations, and knock down and rebuilds, and can help you every step of the way.
- Max 80% LTV for both purchase and remortgage. (For a remortgage, applicants need to be the owner on the Land Registry).
- We’ll lend against the land value and consider cases where the build has started.
- Clients benefit from flexible stage releases with no set stages, so they can access funds to suit their individual project.
- Interest only available during the build.
- Upon build completion your client can switch penalty free to one of our residential retention products.
- All self builders whose finished property is EPC A or B qualify for a lower interest rate follow-on product.
- Loans up to £1m, refer if over.
You can find details on our latest products and rates on our website using the link below