TMB’s self build business in January is up 15 per cent on the same period last year.
The lender says that its staff have reported a sharp rise in interest from brokers who have not been involved in self build previously.
TMB sales and marketing director David Murphy says: “The Self Build team have seen a marked increase in the number of enquiries from introducers who have not previously submitted Self Build business. 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. Additionally, 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.
He adds: “Mortgage Introducers and packagers are quite rightly arming themselves with the right information and developing partnerships with lenders who have experience and specialist knowledge in this sector. We expect Self Build to be one of the areas of growth in 2008.”