The government yesterday published the prospectus for Help to Build, a £150 million scheme announced in April to make self and custom build housing a realistic and affordable option.
The prospectus outlines how the scheme works, so that those thinking about building their own homes but are held back by affordability, can plan their projects and apply when applications are open.
The self and custom build sector could deliver up to 40,000 new homes a year, providing opportunity for small building firms and creating jobs.
The Help to Build scheme will help people onto the housing ladder through lower deposit 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.
You can visit the Help to Build scheme’s page find out more about Help to Build.
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