BOPAS provides assurance to the lending community that innovatively constructed properties, against which they may be lending, will be sufficiently durable as to be readily saleable for a minimum of 60 years.
BOPAS is a joint initiative from BLP, Buildoffsite, The Royal Institution of Chartered Surveyors (RICS), and Lloyd’s Register; in consultation with the Council of Mortgage Lenders (CML) and the Building Societies Association (BSA).
Many lenders have contributed to developing the methodology, including:
- Lloyds TSB Group (including HBOS)
The Assurance Scheme comprises:
- A durability and maintenance assessment (carried out by BLP)
- A process accreditation
- A web-enabled database comprising details of assessed building systems, registered sites and registered/warranted properties