The new proposition includes the introduction of a self-build product at an initial pay rate of 4.49%, with fees of £1,000 and is available on an arrears basis up to 80% LTV.

Intermediaries can access the online self-build hub on the society's website.

The online self-build hub hosts useful resources and information, including:

• self-build criteria
• submitting an application
• assessing an application
• releasing funds
• completion of the project
• service standards
• self-build downwards

“Self-build is a key market for the society and is a growth sector which is providing an increasing number of opportunities for intermediaries,” said David Lownds, head of marketing and business development at Hanley Economic Building Society (pictured above).

“We've been helping self-builders to build or renovate their homes for roughly a decade now and have a wealth of knowledge and experience across a wide range of construction types – from traditional brick and block through to modern methods of construction.”

David pointed out that this was a sector which could often be a complex and onerous one without the right support network in place.

“This is why we launched our self-build direct to intermediaries offering and, after initial feedback in its pilot stage, added a self-build hub to make the process even simpler for our intermediary partners.

“And we are looking forward to engaging with more intermediaries to see how they can help clients turn their self-build dreams into a reality.”