View more on these topics

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.”


Threadneedle Investments – Threadneedle Property Unit Trust

Monday, 15 April 2002 Type: Unit trust Aim: Growth by investing in UK commercial property Minimum investment: Lump sum £25,000 Place of registration: Jersey Investment split: 100% in UK commercial property Isa link: No Charges: Initial up to 7.5%, annual 1.25% Commission: Renewal 0.5% Tel: 0800 0684000

MPC will be disappointed by budget says R&SAIM

The Monetary Policy Committee will be disappointed by the Budget because it offers no help for interest rate expectations according to a former senior Bank of England economist.Steven Andrew, now senior economist with Royal & Sun Alliance Investment Management after 10 years with the Bank, says Brown announced more Government spending but no offsetting measures […]

DWP gives firms breathing space on charge cap rules

The Department for Work and Pensions has bowed to pressure from stakeholder providers and accountants by giving them some breathing space to comply with the regulations.Providers, accountants and trade bodies have been locked in negotiations with the DWP and Opra to get clarification on what falls within the 1 per cent charge cap, particularly on […]

Disappointment for first time buyers says L&H

Chancellor Gordon Brown has disappointed thousands of first time home buyers by not raising the £60,000 starting threshold for Stamp Duty on residential properties says Leeds & Holbeck Building Society.The building society warns that many FTBs find it a considerable struggle to afford their first home and Stamp Duty only adds to this burden.Chief executive […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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