TMB says self-build business grew by 15 per cent in January compared with the same month last year.
The lender says staff have reported a sharp rise in interest from brokers who have not previously been involved in self-build.
Sales and marketing director David Murphy says: “With strong Government housing targets, there is a renewed focus on the self-build sector. There are a host of benefits in building your own home, not least the fact that VAT can be claimed back. Many people are switching on to the fact that an alternative to finding an empty plot of land is to knock down a property and build the replacement to individual specifications.
“Mortgage introducers and packagers are arming themselves with the right inform-ation and developing partner-ships with lenders which have experience and specialist know-ledge in this sector. We expect self-build to be one of the areas of growth this year.”