View more on these topics

Self-build mortgage enquiries up 39%

Self-build mortgage specialist BuildStore has revealed a 39 per cent year-on-year increase in self-build finance enquiry levels throughout the last quarter.

In addition, the average number of monthly enquiries for self-build finance in the first half of 2009 is a third higher than average number of monthly enquiries in the first half of 2008. BuildStore also reported a 27 per cent rise in the first quarter of 2009.

The company says it has found further evidence that prospective self builders are looking to take advantage of the increase in land availability – in June 2009 it saw a 43 per cent increase in the number of plots sold, compared with just three months earlier, and more than double the number sold in January.

BuildStore chief executive Raymond Connor says: “We have always recognised the appetite for self-build, but with the current market conditions, there is now a real demand from frustrated homeowners wanting to build their way out of the recession.

“With certain conditions appearing to favour the self builder, such as increased land availability, falling land prices, and plenty of tradesmen looking for work, it is vital to have the right type of funding available. BuildStore continues to work with a number of lenders to widen the availability of self build lending to help meet the current demand from prospective homebuilders.”

Recommended

Complaint data must be revealed

The FSA is to force firms to publish their own complaint data every six months where 500 or more complaints have been received during the period.

Directors, limited liability partners and auto-enrolment

By Jim Grant, Senior Product Insight & Technical Support Analyst 6 April 2016 brought in changes to employer duties for directors and partners in limited liability partnerships. Here we explain exactly what’s changed. Before 6 April 2016… Directors of limited liability companies where there were no other directors or employees were exempt from the employer […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com