Over the past 12 months, custom build has been a buzzword within our industry. However, not much has happened over the last year. This was down to the fact that there were very few companies within the wider property sector that knew much about the market’s potential.
However, the recent Housing White Paper, which has effectively given government endorsement to custom build, has had an enormous effect and brought this route to homeownership to the forefront of people’s minds in the industry.
Since the Paper was published we, BuildStore, have had renewed interest from lenders who are attracted to custom build due to the assistance that professional developers can offer to purchasers.
We are in the process of speaking to a variety of lenders about what custom build entails, and the advantages of entering the market. However, the question always asked by lenders is: “What is the difference between self-build and custom build?”
Each month we seem to have a more firmed up view that custom build is all about developer involvement, with developers providing the opportunities.