HomeOwners Alliance logo

Become a member today to access our home helpline, discounted conveyancing, expert advice & legal service

  • Become a member today - benefits include:
  • Exclusive members property helpline
  • Discounted conveyancing and free legal advice
  • Save time and money with your move - JOIN TODAY

Building your own home should be made easier

Housing minister calls for lenders to be more accepting of DIY homes

Building your own home should not be a “pie in the sky dream” for homeowners, the housing minister Mark Prisk has said. Speaking to a conference organised by the Council of Mortgage Lenders in London, he argued that much more should be done to help make building your own home a reality. He pointed out that self builds only account for about 10% of newly built houses in the UK compared with around 60% in France and Germany.

Part of the problem with encouraging self builds is that mortgage lenders see it as a niche market, and there are currently only 20 products available to those wishing to build their own home. As a result the government has established a £30 million fund to help promote self builds as a viable option. However, it is unlikely that self builds will solve the housing crisis.

Stewart Baseley, of the Home Builders Federation said: “We welcome everyone building houses. There is plenty of room on the pitch for all these balls to be kicked about. But self-build is not the solution that will solve the housing crisis.”


Leave a comment




* required

No Comments

No comments yet.

Become a member today

Become a member of the HomeOwners Alliance:

 

✓ To Ask an Expert
✓ Access our Home Helpline
✓ Free Legal Advice Line
✓ Fee free mortgage advice
✓ Discounted conveyancing
✓ Unbiased advice

Join today >
 
×

Sign up to our FREE weekly newsletter

for the latest news, advice and exclusive money saving offers