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Hanley Economic offers self-build product in Scotland

Tom Belger | 12:30 Tuesday 20th November 2018

Hanley Economic Building Society has extended its self-build and residential mortgage offerings into Scotland with immediate effect.

The entry into the Scottish market comes after the building society highlighted that self-build was a key area for the business, citing growth on both sides of the border. 

Hanley Economic launched a self-build direct to intermediaries proposition earlier this year to provide an additional option for those with self-build clients. 

This proposition will also be made available to Scottish intermediaries, alongside an online self-build hub.

The building society said the move into Scotland was to offer intermediaries in the region access to its commonsense approach to lending, which includes no credit scoring and taking each case on its own merit.

“Scotland has a growing property market and extending our reach into Scotland will provide even more choice for a range of borrowers,” said David Lownds, head of marketing and business development at Hanley Economic. 

“The society is one of a small number of lenders who support the self-build and renovating market, and we look forward to developing new relationships with mortgage intermediaries in Scotland over the coming months.”

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