Equity Release on Modern Methods of Construction (MMC)

Modern Methods of Construction cover a wide range of building systems, from factory-manufactured panels and modular homes to newer structural systems that do not fit the traditional brick-and-block description. If you own one, equity release on Modern Methods of Construction (MMC) may still be possible, although lender appetite varies considerably.

The important point is to identify what the property is actually made from. ‘MMC’ is an umbrella description rather than one construction type, so a lender or valuer may need the manufacturer, system name, year built, warranties and information about how established the construction is in the local housing market.

Can you get equity release on an MMC property?

Potentially. Some specialist later-life lenders will refer non-standard construction for individual consideration rather than automatically declining it. LiveMore, for example, asks advisers to identify whether a property is standard or non-standard construction during its decision-in-principle process, with referred cases capable of being reviewed by underwriters.

What information helps us check an MMC home?

Construction system and warranty

If you have the original specification, NHBC or other warranty information, planning documents, survey or details of the manufacturer, these can make the initial investigation much easier. We also look at property type, age, value, postcode and whether similar properties sell normally in the area.

Valuation remains important

Equity release on an MMC property is ultimately subject to the lender’s current criteria and valuation. Even where the construction can be considered in principle, the valuer must be comfortable that the property represents suitable long-term security.

What’s your question?

Tell us the construction type if you know it, together with your property location and postcode. Let’s get your particular MMC property checked rather than assuming it cannot be considered.

Call David on 07779 819891 or use our Later Life Mortgage Checker and enquiry form.

See our wider unusual property equity release guide.