Mortgage News
BuildStore mortgage offers leap 30%
Self build and renovation specialists BuildStore Financial Services has revealed a 30% increase in self-build mortgage offers in the last three months to April, compared to the same period last year.
BuildStore also reported a 30% year-on-year increase in the number of mortgage completions in Q1.
A spokesperson for the firm said that mortgage offers have jumped due to the demand that has come from working with lenders in the market.
She said: “We’ve launched lending partnerships with seven new lenders in the past few years, including Furness Building Society, Chorley Building Society and Shepshed Building Society.
“In addition, land prices have gradually come down, so this has helped people purchase land and build their dream homes.”
Raymond Connor, chief executive of BuildStore Financial Services, added that it has also seen interest and demand from “the construction supply chain and public sector housing providers”.
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