FelixtheHousecat Posted September 16 Share Posted September 16 I had been in conversations with Ecology BS about arranging a mortgage, though I hadn't applied. And now they're not doing self-build loans any more, which is annoying. Any other recommendations out there? Link to comment Share on other sites More sharing options...
G and J Posted September 18 Share Posted September 18 Not applied, but have spoken to Hanley Economic. They were very helpful, but would be worth looking at their website as they detail what type of property they'll lend on.....our planning design of timber frame with more that 50% timber cladding did not meet their guidelines. 1 Link to comment Share on other sites More sharing options...
Oz07 Posted September 18 Share Posted September 18 When did ecology pull out i thought they had a good rep here Link to comment Share on other sites More sharing options...
freshy Posted September 19 Share Posted September 19 On 18/09/2024 at 10:34, Oz07 said: When did ecology pull out i thought they had a good rep here I just spoke with them. They are not pulling out, self-build mortgage applications are on hold until October. 1 Link to comment Share on other sites More sharing options...
Alan Ambrose Posted September 19 Share Posted September 19 FYI these kind of companies often have quotas of various kinds of customer & risk to balance their portfolios. When they have reached the quota of one type, they'll downplay it until the others risks (in terms of monetary volume) have caught up a bit. That way they keep their portfolios how they want them. 1 Link to comment Share on other sites More sharing options...
FelixtheHousecat Posted September 20 Author Share Posted September 20 @Alan Ambrose - I hope you're right and they've just hit their Q3 underwriting limits. But if they don't resurrect it at the start of October I'll have to look elsewhere as time will be getting a bit tight. Link to comment Share on other sites More sharing options...
mickeych Posted Monday at 19:00 Share Posted Monday at 19:00 Agree with @Alan Ambrose they all have limits on the amount, risk and geographical splits for their book of lending to keep within their loan book tolerance. We tried a number of direct including ecology and the biggest brokers but eventually went with Glenn @Mayflower mortgages. They are a self-build mortgage broker but what a breath of fresh air. Incredibly helpful and a real source of intelligence when most responded 'computer says no' Link to comment Share on other sites More sharing options...
PNAmble Posted Monday at 19:17 Share Posted Monday at 19:17 14 minutes ago, mickeych said: They are a self-build mortgage broker but what a breath of fresh air. Incredibly helpful and a real source of intelligence when most responded 'computer says no' We also used Glenn, with both of us self employed with different company structures he really helped us get what we needed. 1 Link to comment Share on other sites More sharing options...
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