The Structural Timber Association (STA) has published a new guide for consumers, Mortgages for Timber Self Build Homes, to support anyone wishing to commission their own home with timber.
The Grenfell Fire triggered a crisis for cladding, which inevitably became wrongly associated with issues around timber in general as a build system, and resulted in some self builders questioning their choices around timber.
However, timber is a universal choice for housing across the world, and evidences great longevity when specified and built properly.
Self build has traditionally embraced a range of innovative housing choices – and timber remains a trusted and practical approach for a range of applications on owner commissioned homes – not least timber frames.
To alleviate concerns about the mortgageability of such methods, the Structural Timber Association has published a guide that addresses concerns and sets out the parameters for anyone building with wood.
The guide points out that the idea that timber systems are difficult to mortgage is a myth. Instead, it stresses the fact that self builders must follow the rules lenders set around features such as cladding, as with any mortgage, as this sets the parameters for the risk to the mortgage company. This ensure that the resale value is protected.
The guide explains how these principles are applied by mortgage lenders, and what the rules mean for your choices. It also helps you understand how you can ensure that your design complies with your lender’s eligibility rules.
The STA has a library section that includes a range of helpful guidance for both professionals and consumers (search for self build in the box) around the use of structural timber in properties, including:
- Stick Build v Pre-Manufactured: Making the Right Choice
- Why Build with Structural Timber?
- Living in a Timber Frame Home
In addition to the new guide – part of a range, the STA runs its own accreditation scheme for its members, STA Assure. By choosing a company that a company that is accredited by the scheme self builders can have confidence that their supplier is competent and qualified to the latest standards.
About STA Assure
The STA Assure Membership and Quality Standards Scheme sets performance levels of STA members and non-members, based on a rigorous and independent audit. This safeguards the self builder, enabling them to partner with reputable company for their build,
STA Assure is recognised by the NHBC and six of the industry’s leading structural warranty and building control bodies – LABC Warranty, Premier Guarantee, Protek Warranty, Build-Zone, Self-Build Zone and ABC+ Warranty.