Here at Furness for Intermediaries, our self-build intermediary mortgage products are available exclusively through BuildLoan. Our long-standing partnership with BuildLoan enables us to utilise specialist expertise to better serve our intermediaries and their self-building clients. As a result, we’re able to offer a variety of mortgage solutions - including Advanced and Arrears Stage Payment mortgages - to mortgage brokers, on behalf of customers who are either building their own home or converting/renovating an existing property.

Furness Building Society is committed to making sustainable homeownership more accessible and affordable for everyone. Our Green self-build products offer a cashback and we’ve also made some enhancements to our affordability model for customers who achieve a high EPC on their build. Not only do these features benefit the environment, they also improve the sustainability of customers’ homes and, could help to increase the amount they are able to borrow.

Unlock Savings with Energy-Efficient Homes

We believe in rewarding energy efficiency. Our Enhanced Affordability criteria, is designed to help secure a more affordable mortgage for energy-efficient homes, allowing your client to align their mortgage with their sustainability goals.

Thanks to our Enhanced Affordability, if your client is buying a home with a high energy efficiency rating, we’ll factor in reduced energy bills when assessing mortgage affordability. This could allow your client to borrow more, as lower energy costs reduce overall living expenses.

EPC Rating Incentives

We’re dedicated to helping Members invest in greener, more efficient homes.  With a property with an EPC rating of A or B, clients will not only contribute to a more sustainable future, but they can also benefit from exclusive offers, such as cashback or discounted mortgage rates—all designed for energy-efficient properties.

• For clients expecting to achieve an EPC 'A' rating on their self-build property, our new affordability calculation will recognize the lower running costs of their home and allow them to borrow up to an extra £24,000 compared to someone mortgaging a property with a rating of “C” or lower.
• Clients predicting an EPC rating of 'B' could potentially borrow an additional £16,000 compared to a less energy-efficient property.

Your client doesn’t need to own the land before applying for a self-build mortgage. BuildLoan can provide funding to purchase the land in addition to the build costs. However, they must progress to the build stage and not just buy the land and leave it vacant.

It’s important to remember when your client purchases land, they must ensure it has Outline Planning Permission (OPP). They’ll also need detailed plans for their proposed construction, as this is essential for calculating the overall project cost and end value. This not only ensures the project meets lending criteria and affordability standards but enables you to calculate how much they need to borrow for the project. We’d also advise submitting a Decision in Principle earlier in the process.

When your client is constructing a brand-new home, BuildLoan will release the funds in up to six stages. These stages include land purchase, footing and foundations, construction of the walls (wall plate level), wind and watertight, first fix, and second fix/completion.

You can view and compare all our current self-build mortgages for intermediaries through our self-build mortgage finder.

If you have any further questions or would like more information about BuildLoan, take a look at their FAQs online. Alternatively, get in touch with our Business Development Managers who would be happy to help.