Mortgages for ICF Construction Property

At Fox Davidson, we specialise in securing ICF mortgages for properties built using Insulated Concrete Formwork (ICF), a modern method of construction (MMC) known for its energy efficiency and sustainability. As a leading UK mortgage broker, we help clients navigate the complexities of financing homes built with ICF and other innovative construction techniques, ensuring access to competitive mortgage rates and tailored solutions.

ICF mortgage broker fox davidson. we secure mortgages for modern methods of construction.

What is an ICF Mortgage?

An ICF mortgage is a home loan specifically designed for properties constructed using Insulated Concrete Formwork, a modern construction method that uses interlocking foam blocks filled with concrete to create highly insulated, durable, and energy-efficient homes. ICF construction is gaining popularity in the UK, particularly among small and medium-sized (SME) house builders and environmentally conscious homeowners, due to its long-term cost savings and eco-friendly benefits.

Why Choose ICF Construction?

ICF homes offer significant advantages, making them an attractive option for buyers and builders alike:

  • Energy Efficiency: ICF walls provide superior insulation, reducing heating and cooling costs by up to 50% compared to traditional builds.
  • Durability: The concrete core ensures robust, long-lasting structures resistant to weather and wear.
  • Sustainability: ICF homes reduce carbon footprints, aligning with UK government initiatives for greener construction.
  • Soundproofing: ICF walls offer excellent noise reduction, ideal for urban or noisy environments.
  • Government Support: MMC builds, including ICF, benefit from government grants and incentives to promote sustainable housing.

Are ICF Properties Mortgageable?

Yes, ICF properties are mortgageable! The Council of Mortgage Lenders (CML), now part of UK Finance, has recognised Insulated Concrete Formwork as an acceptable construction type for mortgage purposes. In a letter to the Insulating Concrete Formwork Association (ICFA), the CML’s Valuation Panel confirmed:

“ICF construction is acceptable for mortgage purposes as a standard form of construction, subject to provision of valid product certification and monitoring of ICF System providers by the ICFA.”

However, not all lenders are familiar with ICF or willing to finance these properties due to their unique construction. That’s where Fox Davidson steps in. Our experienced mortgage brokers work with a wide range of lenders, including high street banks, building societies, broker-exclusive lenders, and private banks, to secure ICF mortgages tailored to your needs.Which Lenders Offer ICF Mortgages?Lender criteria for modern methods of construction (MMC), including ICF, vary across the UK market. At Fox Davidson, we partner with a select group of mortgage lenders who understand and support ICF construction. These include:

  • High Street Banks: Offering competitive rates for standard and green mortgages.
  • Building Societies: Often more flexible with non-traditional builds like ICF.
  • Broker-Exclusive Lenders: Providing bespoke solutions unavailable directly to consumers.
  • Private Banks: Catering to high-net-worth clients or complex financial situations.

Our team will assess your financial profile, the property’s specifications, and lender criteria to find the best mortgage deal for your ICF-built home. Whether you’re a first-time buyer, a homeowner, or a property investor, we’ll secure preferential terms, including discounted rates for energy-efficient homes.

Why Work with Fox Davidson for Your ICF Mortgage?

As a UK mortgage broker specialising in unusual construction methods, Fox Davidson offers:

  • Expertise in MMC: Deep knowledge of ICF and other modern construction techniques.
  • Access to Specialist Lenders: Relationships with lenders who support ICF properties.
  • Tailored Advice: Personalised mortgage solutions based on your financial goals.
  • Streamlined Process: From application to completion, we handle the complexities for you.
  • Green Mortgage Discounts: Access to lower rates for energy-efficient homes.

How to Get Started

Securing a mortgage for an ICF property can be challenging without the right expertise. Our experienced mortgage consultants are here to guide you every step of the way. Contact Fox Davidson today to discuss your ICF mortgage needs:

Let us help you finance your dream energy-efficient home with a tailored ICF mortgage.

Frequently Asked Questions (FAQs) About ICF Mortgages

What is Insulated Concrete Formwork (ICF)?

ICF is a modern construction method using lightweight foam blocks filled with concrete to create insulated, durable, and energy-efficient walls for homes. It’s a popular choice for eco-conscious builders and homeowners.

Can I get a mortgage for an ICF-built property?

Yes, many lenders offer mortgages for ICF properties, as they are recognised by the CML as a standard construction type. However, lender criteria vary, so working with a specialist broker like Fox Davidson is essential.

Which lenders provide ICF mortgages?

Fox Davidson works with a range of lenders, including high street banks, building societies, and specialist lenders, who offer mortgages for ICF and other MMC properties. Contact us to find the best lender for your needs.

Are ICF homes more expensive to build?

ICF homes may have higher upfront costs due to materials and specialised labor, but they save money in the long term through energy efficiency and lower maintenance costs. Fox Davidson can secure development finance for ICF construction property.

Do ICF mortgages have higher interest rates?

Not necessarily. Some lenders offer green mortgage discounts for energy-efficient homes like ICF properties, which can result in lower rates. Fox Davidson will find you the most competitive deal.

How does Fox Davidson help with ICF mortgages?

We specialise in mortgages for unusual construction types, including ICF. Our brokers match you with lenders who understand ICF properties and offer tailored mortgage solutions.

Are there government incentives for ICF homes?

Yes, the UK government supports MMC, including ICF, through grants and incentives to promote sustainable housing. Ask our team how these can benefit your project.

Can you get development finance for ICF construction property?

Yes, some development finance lenders will lend on ICF construction property. Fox Davidson specialise in development finance for ICF construction.

Ready to Finance Your ICF Home?

Whether you’re buying, building, or remortgaging an ICF property, Fox Davidson is your trusted partner for securing ICF mortgages. Get in touch today to explore your options and take the first step toward owning an energy-efficient home. Submit an enquiry