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Pink encourages brokers to embrace self-build

Pink Home Loans is encouraging its network members to learn more about the growing market of self-build and renovation at its training session to be held on Friday 24th April 2009.

Neil Hoare, sales and marketing director at Pink, says: “As the credit crunch continues to bite, more prospective homebuyers are considering the idea of building their own property. Plenty of land-owners are selling up to obtain extra cash and therefore plenty of plots are available at good prices. Materials and labour costs are also currently low and it is therefore the ideal time to embark on a self-build project”.

The training session, to be held at Pink’s head office in Staffordshire, will include presentations from BM Solutions and BuildStore, who revealed that the number of self build land and renovation opportunities had grown significantly in 2008, up 20% between January and June.

It also revealed that over half of available self build plots are priced £150,000 or less; a third of them £100,000 or less, making it possible to self-build a detached family home for less than £200,000.

John Hay Head of financial services marketing and product development at BuildStore, says: “Self-build finance can be a complex area especially for intermediaries who do not come across this type of client very often. By attending the training session, not only will intermediaries find out how self-build finance works, but also how the Buildloan scheme can give their clients positive cashflow during a build, making the build quicker, easier and cheaper.”

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