Halifax pulls out of self-build market

Aaron Strutt Image
Halifax has pulled out of the self-build market and all new applications will go via mortgage advisers through BM Solutions. The bank decided to stop offering self-build mortgages after low sales through its branch network. Reports suggest self-build accounts for 1% of Lloyds Banking Group's total lending. Last year the Building Societies Association said that the self-build market generated around £3 billion a year for the UK economy. Aaron Strutt, a broker at Trinity Financial, says: "We have access to a number of lenders offering self-build mortgages and many of them are building societies." If you would like help securing a leading self-build mortgage, call us on 020 7016 0790. January 25, 2013
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