Desire for self-build exists

by Aaron Strutt

Oct 13 2011

Over half of the people in the UK would consider building their own home if they had the opportunity, according to the Building Societies Association.

The majority were attracted by the chance to have control over the design and the ability to build more cheaply than buying on the open market.

The top three barriers to stop self builds, include: the potential for it to be too expensive, the availability of suitable land and the difficulty of getting planning permission.

Trinity Financial has a wealth of experience helping our clients to secure self-build mortgages. We have worked with a range of lenders and can often get cheaper rates than high street lenders.

Kevin McCloud, presenter of Channel 4's Grand Designs programme, said: “Times are hard and the looming difficulties of finance, land and the loneliness of the long-distance self-builder puts most people off. Helping people over the hurdles will need a concerted effort by local authority planning departments, developers, housing associations and mortgage companies. But the signs are there that we could see a lot more assisted self-build and community self-build in the UK."

2,051 people were surveyed.

13 October 2011