£150 million new self-build funding from the government

On Saturday 24 April 2021 a new £150 million ‘Help to Build’ scheme to kickstart the self-building revolution was  announced by the Ministry of Housing, Communities & Local Government  “this money will make it easier and more affordable for people to build their own homes ” says Housing Secretary Rt Hon Robert Jenrick MP”.

  • New homes can be made to order or built from scratch, and will benefit small building firms as part of the government’s Plan for Jobs
  • New plans supported by over £150 million in new government funding will make it easier and more affordable for people to build their own homes, the Housing Secretary Robert Jenrick has announced today (24 April 2021)

The ‘Help to Build’ scheme will ensure that self and custom home building can become a realistic option to get onto the housing ladder through lower deposit mortgages.

  • £150 million over 4 years to support the scheme to deliver low deposit self-build mortgages

Lowering the required deposit will free up capital, so people can build the home that they want and need whether it’s a commissioned, made to order home, or a new design from scratch. The scheme will provide an equity loan on the completed home, similar to the Help to Buy scheme.

Made to order homes allow people to customise the home they want based on existing designs. This could include more office space, or a particular design to support a family’s requirements including for disabled or older people.

Housing Secretary Rt Hon Robert Jenrick MP said: “Building your own home shouldn’t be the preserve of a small number of people, but a mainstream, realistic and affordable option for people across the country. That’s why we are making it easier and more affordable – backed by over £150 million new funding from the government”.

more information at:
https://www.gov.uk/government/news/over-150-million-funding-to-kickstart-self-building-revolution

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