Ipswich Building Society recently confirmed they will now be lending on Modern Methods of Construction properties.
MMC is set to become a more mainstream term as the government announced it would be prioritising its use to help to rectify the shortage of new homes in the UK.
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What does MMC stand for?
Modern Methods of Construction. Also known as ?smart construction?, it uses off-site construction practices in factories for more efficient, effective mass production in building. “…a process to produce more, better quality homes in less time.” – Office of the Deputy Prime Minister and the Housing Corporation
Why is it important now?
“The government will use its purchasing power to drive adoption of modern methods of construction, such as offsite manufacturing” – The Autumn Budget 2017
… which means MMC looks to be favoured in 2019 public infrastructure schemes, and that, according to The Farmer Review, is likely to transfer to the commercial housing market.
61% of housebuilders are investing in site-based modern methods of construction – Housebuilding Report, Lloyds Bank, 26th Jan ‘18.
Is MMC the same as prefab?
Popular in the Second World War, prefabricated housing was used to accommodate military personnel. ‘Prefabs’ were also built using steel, aluminium, and timber or asbestos after the war as a quick and cheap replacement for the houses destroyed during the Blitz – entire estates were built for those made homeless by the war.
Today’s prefabricated houses are considered more stylish and upmarket:
– Closed-Panel Systems: Entire walls complete with cladding, doors, windows and ducting for wires/pipes are fabricated in factory before being transported and lifted into place using a crane. Continue reading %s