Ipswich Building Society has created a self-build mortgage hub for intermediaries and repriced its self-build products.
The hub — which hosts the building society’s entire library of self-build content — is designed to offer expert advice on the self-build mortgage market and aims to make it easier for intermediaries to support their clients.
A collection of guides, downloads and a step-by-step process detailing how to submit a self-build mortgage case are also available in the hub.
Richard Norrington, CEO at Ipswich Building Society, said: “We have amassed a wealth of experience in self-build cases over the years, and today, one in 20 of the mortgages currently on our books is a self-build loan, with projects spanning across England and Wales.
“Self-build is an increasingly popular market, with more people seeking to build from scratch or make large-scale renovations to suit their family circumstances and requirements.”
Ipswich Building Society has also reduced the self-build product’s interest rate, which is now available at the society’s SVR (currently 5.74%) minus 1.75%, giving a current interest rate of 3.99%.
“With around one in five self-build cases coming in straight from intermediaries themselves, we’re keen to do more to directly support them with their self-build clients,” added Kate Ley, head of mortgage sales (pictured above).
-
Temenos partners with ClearBank for cloud payments
Banking software company Temenos has formed a strategic relationship with ClearBank to provide banks with a faster route to market for real-time cloud payments...
-
Unity Trust Bank registers 34% rise in profits
Unity Trust Bank increased profits by 34% in 2019...
-
Believe the hype – why explainable AI is a trend that’s here to stay
Technology has become a ubiquitous part of our day-to-day lives...
-
Piloting tech updates: ‘The bigger the bank, the harder it is to get anything done’
In the latest Medianett filmed roundtable session, we discussed how important technology is in the banking space, and what impact the industry expects it to have on its businesses in the future...
-
What banks need to know about cloud security
One of the most common perceived concerns when adopting the cloud is the issue of security...
-
OakNorth sees 95% increase in pre-tax profits
OakNorth Bank has announced a 95% rise in pre-tax profits in 2019 to £65.9m, up from the £33.9m recorded in 2018...
-
Redwood Bank signs up to Women in Finance Charter
Redwood Bank has announced that it has signed up to the Women in Finance (WIF) Charter...
-
Masthaven launches digital Women in Leadership programme
Masthaven Bank has launched a new Women in Leadership digital development programme for female senior leaders...
-
Protecting against supply chain disruption and the domino effect
Disappointingly, many UK SME business owners don’t understand their supply chains...
-
Confused about which Isa to choose? Hopefully this mini-guide will help…
We are now firmly in Isa season, so you’re likely to read multiple articles about the most competitive Isa products in the market and how best to make the most of your Isa allowance before the end of the tax year...
-
Garden shed entrepreneurs contribute £16.6bn to the UK economy
Entrepreneurs who run their businesses from garden sheds contribute £16.6bn annually to the UK economy, according to a recent study...