You are here: Home - Uncategorized -

Self-build to increase 141% by 2015

Written by:
Self-build mortgage advances will grow by 141% over the next three years, from

Datamonitor attributes this growth to increased media coverage of self-build, combined with the government’s new proposals for encouraging the sector.

Self-build currently accounts for a marginal amount of mortgage lending, but the report suggests the sector could account for more than 1% of all lending within five years and labelled it “one to watch”.

Raymond Connor, chief executive at BuildStore Financial Services, said:

“The predictions made in the Datamonitor report are in line with our own expectations for the performance of the self-build market.

“As we have continued to grow our lender panel and introduce exclusive self-build mortgage products, our finance enquiry levels throughout 2010 remained strong, with a 25% increase in mortgage completions the last six months of 2011, as compared with 2010.”

He added that self-build is appealing to increasing numbers of homeowners, as well as mortgage lenders and the government.

Connor said: “As new reforms and policies come into force over the coming months, we expect to see a real shift, especially in terms of using self build to provide homes on a larger scale as part of community developments.

“Self-build is an affordable housing option, with the added appeal of control over the design and specification of your home – it is rightfully placed to become a mainstream housing option in the near future.”


There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Your Mortgage Guides

Your Mortgage Award Winners 2020-2021

Download our guide to the best mortgage lenders in the UK

Read More >