Log in to your accountFAQs Savings Mortgages Customer projects About us Ecology Hub Our 2030 Strategy Enquire now HomeMortgagesCommunity and commercial mortgagesHousing developers Housing developers mortgages We specialise in providing mortgages for small-scale housing developers seeking to build or renovate residential properties in a sustainable manner to sell. Find out more ANY HOME OR PROPERTY GIVEN AS SECURITY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBTS SECURED ON IT Key Features Our current Variable Rates for Housing Developers range from 4.65% to 6.65% We consider each application individually and where appropriate, a site visit may be arranged with you to discuss your requirements. Mortgages are available on an interest-only basis Interest payments are required during the project and are payable monthly in arrears We expect the mortgage capital to be fully redeemed via the sale of your completed properties Mortgage terms are available from 6 months to 2 years, subject to eligibility You can borrow up to 70% of the property’s value, subject to eligibility A non-refundable mortgage application fee of 0.50% of the sum applied for is payable on submitting a formal application An offer acceptance fee of 0.50% of the sum approved is payable on acceptance of a formal mortgage offer We will consider lending funds upfront on land or the unimproved value of a building with outline planning consent Stage release payments are available as the value of property increases via building or renovation work, subject to our maximum loan-to-value terms at any time Borrowers must be aged 18 or over. This mortgage is only available to UK registered businesses. Our mortgages for Housing Developers are not regulated by the Financial Conduct Authority. We provide mortgages for housing developers Our housing developers’ mortgage is for residential property developers embarking on new projects, which may involve building, renovating or converting a number of properties for sale. These are short-term mortgages and are open to applications from individuals, partnerships and limited companies. You do not need to have an existing track record to be considered, although if you have an existing business, we will ask to see your past three years’ business accounts where appropriate. What we lend on We require an appreciable standard of energy efficiency for all the projects we support. New homes must achieve a minimum of an “A” rating under the Energy Performance Certificate (EPC) scheme for us to consider lending. We particularly encourage developments that adopt the Passivhaus standards. If you are intending to undertake a renovation or conversion project, we will expect the use of energy efficient measures and sustainable materials to be central to the project. We do not lend for: The creation of single high-value “luxury” homes for speculative sale Properties intended to be sold or leased as holiday homes. Our mortgages are available across England, Scotland, Wales and Northern Ireland. Further reading Download Lending for sustainable homes leaflet Apply now Our fees Housing developers’ mortgage FAQs PREVIOUS Customer project Jenny’s Story: A Simple & Light Urban Passivhaus Project type: Self-build In her mind’s eye, Jenny wanted a self-built home that was simple and beautiful, plain but not austere, with high ceilings and flooded with light from every direction. She also wanted to create a low-energy and low-tech build, constructed from sustainable, locally sourced materials. With the support of an Ecology mortgage, Jenny achieved this ... Read See all projects NEXT Ecology Building Society was rated as an ethical Best Buy for our mortgages, ISAs and savings accounts by Ethical Consumer magazine in its product guide rankings (May/June 2018 issue). Sign up to receive our email newsletter to get the latest news and views from Ecology, including information about our products and services, and like-minded organisations. Help & advice Member benefits Mortgage professionals Complaints Savings FAQs Mortgage FAQs Online account FAQs About Ecology Corporate information Legal information Careers Keep in touch Call: 01535 650 770 Email: info@ecology.co.uk Contact Us Facebook LinkedIn Twitter SITE MAPCOOKIES POLICYPRIVACY NOTICEACCESSIBILITY © 2021 Ecology Building Society Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Community and commercial mortgages offered by Ecology Building Society are not regulated by the Financial Conduct Authority. Financial Services Register No. 162090 This site uses cookies to store information. Press accesskey C to learn more about your options. We use cookies to improve your online experience and by continuing to use our website you consent to their use. Alternatively, update your cookies settings at any time or see our Cookies Policy. OPT INSETTINGS