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visit: MBS Lending  |  The Melton Building Society

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Valuation

23/08/2017

Society Standard
We will lend up to 75% of the land value and build costs with funds being released in arrears of each stage of the build, subject to a maximum of 75% LTV at each inspection

An appropriate interim certificate from an architect, architectural technologist, structural engineer or RICS surveyor (minimum PI cover of £1m is normally required) will be required at each stage. The valuer appointed by the Society will be required to carry out reinspection’s at the following stages of construction (as a minimum):

  • Land with full planning permission and building regulations approval
  • Foundations
  • Wall plate
  • Wind and watertight
  • Completion
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