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Self-builders on the increase

More people than ever are considering building the home of their dreams, according to the latest research by the Norwich & Peterborough Building Society.

A survey by the self-build mortgage specialist reveals 85 per cent of people would consider having a home built to their own specifications.

N&P says this is up from a figure of 70 per cent in last year&#39s survey of customers&#39 homebuilding aspirations.

The research on several hundred N&P clients was carried out during March and the beginning of April. It found that 63 per cent of those who have completed a self-build project would consider doing it again.

When asked what factors people take into account when choosing the location of their ideal home, a third rated local amenities, such as schools and shopping centres, as their top consideration.

A quarter said they would choose to have a plot near their family, 21 per cent said they would pick somewhere they have always wanted to live, 8 per cent would live in the countryside, 5 per cent wanted somewhere near their work and another 5 per cent would build anywhere they could find a plot.

N&P found 47 per cent of those who would consider undertaking a self-build project are married, 26 per cent are single and 21 per cent living with a partner.

Public relations manager Anna Guthrie says: “Norwich & Peterborough is enthusiastic about self-builds and we can bring a wealth of knowledge to any project.

“Self-builders who come to us can borrow up to 85 per cent of their plot&#39s value or purchase price, whichever is the lower.”

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