Harpenden Building Society revamps self-build mortgage product

Harpenden Building Society has launched a revamped version of its self-build mortgage product.

Rates start at 3.69% for loans between £75,000 and £999,999, and at 4.19% for loans between £1m and £2m.

Harpenden has reported increased enquiries for self-build mortgages amid the COVID-19 pandemic, with the society creating the new and enhanced product to service demand.

“Customers are looking to secure a dream property more than ever following significant time spent working and socialising at home during COVID,” commented Harpenden mortgage sales manager, Craig Middleton.

“We’re finding customers increasingly want to bring a highly personalised look to their new or enhanced properties, making a self-build project particularly appealing.

“With savings of 20 to 40% possible compared to buying a similar property on the open market, a self-build project is even more attractive. As a specialist provider, our team anticipate increased applications, particularly with the new, improved product now live.”

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