Homeowners look to DIY

Potential home buyers are suffering from personal injuries as more mortgage lenders push them off the property ladder. And as for first-time-buyers, they’re nowhere near it.

As the UK mortgage market continues to fall, more homeowners are giving up on the property ladder and have opted to go for DIY instead.

Sainsbury’s lender has seen an increase of 53 per cent in the number of loans taken out especially for homeowners planning to renovate their homes.

Steven Baillie, head of loans at Sainsbury's, said: "It is well-documented that the housing market struggled last year, and our figures might suggest that people have decided to stay put and make the most of their existing homes.”