Navigating Finance: The Struggle for Self-Builders

Self-builders face significant challenges in finance, primarily due to a limited and often inaccessible pool of lenders that is gradually expanding but remains hard to locate, particularly outside less-populated areas. Securing competitive deals is complicated by various factors related to the specifics of projects, including construction nuances and cash flow considerations. Additionally, rising material prices over the past year have led to increased building costs, further impacting affordability as interest rates rise and lenders impose stricter stress tests on borrowing capacities. Consequently, self-builders struggle to navigate these financial hurdles, exacerbated by tighter borrowing conditions.