17/01/2012 Self Build mortgage market to increase by 141% by 2015

According to Datamonitor over the next 3 years mortgage advances are set to grow by 141%. This increase is said to be from a combination of media coverage, the governments new proposals for the sector and the perceived low quality of many new build homes.

At the moment self build accounts for a marginal amount of mortgage lending but according to the report the sector could account for more than 1% of all lending by 2015.

Buildstore have commented that self build is appealing to homeowners, mortgage lenders and the government. They added that self build is an affordable option, which gives you control over the specifications and design of your home, in the future it should become a mainstream option.

Self build is definitely the way to go if you are finding it difficult to find your dream home and you'd like to express your individuality.