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"With the lack of new homes being built at the moment, you would have thought more lenders would be offering self-build mortgages. Many of the banks and building societies quietly pulled out of the market citing a lack of demand for their mortgages," says Aaron Strutt, of mortgage brokers Trinity Financial.
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Were Berkshire Partners to prevail in the auction, it wouldbe the second company in the housing sector it would buy fromAEA this year. In February it acquired a majority interest inSRS Distribution Inc, the fourth largest residential roofingdistributor in the United States, from AEA for an undisclosedsum.

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