Home extensions are a financing opportunity for brokers, according to Brian Rubins (pictured) director of Alternative Bridging.
Rubins believes that home extensions are saving considerable and unrecoverable expenses for homeowners.
Rubins explained: “Although the sales market has become lethargic, there is a shortage of available stock and a dearth of new houses being constructed.
“Secondly, because of this shortage, except in prime Central London, it still mainly remains a ‘sellers’ market’.
“Another reason is totally financial with agents, legal fees, stamp duty and removal costs being costs for which there are no tangible benefits – so it is easy to see that a home extension could be better value.”