Tag: Self-Build
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Gen Z Dreams of Building Their Own Homes!
Young people are turning their backs on traditional housing and embracing custom-build homes, a new survey reveals. 64% of 18 to 24-year-olds are considering building their own homes, compared to just 21% of over 55s, according to research by Saffron for Intermediaries. The building society surveyed over 2,000 people across the UK and found that…
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Building Your Dream Home? How Do Self-Build Mortgages Work?
Thinking about building your own home? It’s a dream for many, offering the chance to create a space perfectly tailored to your needs. But financing a self-build project can seem daunting, especially for first-time buyers. Here’s everything you need to know about self-build mortgages: What is a Self-Build Mortgage? Unlike traditional mortgages, which are paid…
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Self-Build Mortgage Rates Cut, Loan Size Increased
Buckinghamshire Building Society has slashed rates on its self-build mortgages by up to 0.25% and doubled the maximum loan size to £1 million. This is fantastic news for anyone dreaming of building their own home, as it could make your aspirations much more affordable. The move comes at a time when the government is pushing…
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Dudley Building Society Reduces Mortgage Rates
Dudley Building Society has announced reductions in its mortgage rates, impacting a variety of mortgage products from residential to buy-to-let options. Starting May 28, this could be the perfect opportunity for those looking to save on their mortgage costs or enter the housing market. Effective from the end of May, Dudley Building Society is rolling…
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New Home Approvals Plunge to Lowest Levels in a Decade
The Home Builders Federation (HBF) has released concerning data in its latest Housing Pipeline Report. This report highlights a 2% quarter-on-quarter drop in planning permission levels for new homes in the third quarter (Q3) of 2023, totaling just 2,778. The situation appears even more dire when considering the year-on-year figures. The first nine months of…
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Investec Slashes Mortgage Rates
Investec Bank, known for catering to high net worth individuals, has made a significant move in the mortgage market. The bank has announced a substantial reduction in its mortgage rates, with some rates being lowered by as much as 0.55%. This reduction applies to both their residential and buy-to-let tracker mortgage products, indicating a more…
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Saffron Revamps Mortgage Offers
Saffron Building Society has recently implemented significant changes in its mortgage rates and loan offerings, including its offerings for first-time buyers, self-employed individuals, and those eyeing larger residential or self-build projects. For Self-Builders Needing Larger Loans One of the most notable changes in Saffron’s revamp is the increase in the maximum loan size for its…
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Austria’s Housing Blueprint: Can the UK Borrow a Leaf?
Austria’s housing market stands out in stark contrast to many of its European peers. While various European nations grapple with a supply crisis, Austria seems to have forged a different path. Could the UK learn a thing or two from Austria’s housing model? The Telegraph has some suggestions. Austria’s Affordable Housing Phenomenon Austria, especially its…