ESBS expands property criteria to include MMC and ex-council flats
07 Oct 2019
Earl Shilton Building Society, the Leicestershire-based mutual, has expanded its criteria to include more property types and made changes to its interest-only requirements.
Image: Vision Modular: Mountearl Gardens, Streathem
Houses that are built using certain modern methods of construction will be accepted as security for a mortgage. The property must meet specific requirements, for example, have accreditation from the Buildoffsite Property Assurance Scheme (BOPAS) and have housing warranty insurance from either BLP or another provider approved by the society.
Earl Shilton Building Society (ESBS) will now consider leasehold flats and maisonettes that were once owned by local authorities using its existing criteria for these property types.
Read the full article on the Mortgage Solutions website