0330 303 0236

Self-Build and Second Homes criteria improvements

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The Hanley Economic Building Society now accept applications for self-build projects, for a second home.

 

This applies with the following;

Second Homes

  • The definition of a second home is a property which will only be used by the borrower(s) for residential purposes e.g. holiday home, weekend home, future retirement property
  • The property cannot be let out
  • The property cannot be in the same location as the applicants current residence e.g. properties within the same postcode are not acceptable
  • A project manager will be required and full details should be provided with the application
  • Applicants will need to satisfy a full affordability assessment for 2 households
  • Only 1 second home is acceptable

If you have any queries please feel free to contact them for more details.