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Conor

Ecology Building Society - application process and pricing

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Anybody with first hand experience lately in regards to mortgage application process with Ecology BS? Roughly how long did it take from starting application to getting an offer? We're trying to time things right in regards to our planning coming through (est early August) and current residential mortgage expiring in October.

 

Also, what did you provide in terms of cost estimates? They have said to us either signed quotations from builders or "professional" cost estimates. We have a QS estimate but it's quite rough as it's based on planning drawings. Can I get my architect to sign off on our cost estimate? I've gotten part quotes and rough estimates from various suppliers, along with my own estimates using industry rates, and some of the QS figures, in a spreadsheet. We don't have the time to wait for the tendering process to get prices... We need to apply sooner.

 

Any other tips with them?

 

Thanks.

Edited by Conor

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Ecology asked for bat surveys, and we were allowed an extension of a couple of months to allow time for more surveys. I assume it depends what they ask for. Our application took about 5 months from submission to decision. And the date for our 'to be started with 3 years' clause, was back dated to the date they should have given us a decision... Planners are a law unto themselves. Allow a few thousands for ecology, depending what they find.

 

Ecology is very important. Unless you are the council. In which case you can do what you like and net cliffs at the wrong time of year 

 

If you have another property with a mortgage, I would be tempted to borrow against that house again with a mortgage which doesn't have an early redemption penalty, rather than have the stress of trying to get a mortgage on your self build?

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57 minutes ago, Jilly said:

Ecology asked for bat surveys, and we were allowed an extension of a couple of months to allow time for more surveys. I assume it depends what they ask for. Our application took about 5 months from submission to decision. And the date for our 'to be started with 3 years' clause, was back dated to the date they should have given us a decision... Planners are a law unto themselves. Allow a few thousands for ecology, depending what they find.

 

Ecology is very important. Unless you are the council. In which case you can do what you like and net cliffs at the wrong time of year 

 

If you have another property with a mortgage, I would be tempted to borrow against that house again with a mortgage which doesn't have an early redemption penalty, rather than have the stress of trying to get a mortgage on your self build?

Are you confusing Ecology building society with the work provided by your ecologist?

 

Back to the OP. If your QS estimates add up to a sensible sqm cost (£1450 -£ 2000 sqm) I am sure they will be fine. I did my own costings for Ecology BS but they were quite detailed with quotes for timber frame and most work estimated on rates. 

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