Call to fund more self-build loans

BuildStore has called for more funding from lenders to help meet demand for self-build mortgages and pull construction workers out of the dole queue.

The self-build specialist says enquiry levels for 2009 show there is a growing demand from frustrated home owners.

BuildStore normally arranges around £500m in self-build mortgages every year but is appealing to mutuals and lenders, including government-backed banks, for more funds to boost the construction industry and provide investment in local communities.

Raymond Connor, chief executive of BuildStore, says: “State-funded banks have an obligation to put money back into the economy.”