Government plans a £150m Grand Designs-style revolution by giving low-cost loans to those looking to build or customise their own homes
- Help to Build scheme is designed to make building or customising homes a realistic option for Britons to get on housing ladder via low-deposit mortgages
- It follows Help to Buy scheme for first-time buyers, which began in April 2013
- As well as self-build, the scheme will promote made-to-order homes that can be customised from existing designs
Building your own home could become more mainstream thanks to Government plans to create a Grand Designs-style revolution by giving low-cost loans to those who take the plunge.
A Help to Build scheme, supported by more than £150million in Government funding, is designed to make building or customising homes a realistic option for Britons to get on the housing ladder through low-deposit mortgages.
It follows the popular Help to Buy scheme for first-time buyers, which began in April 2013.
As well as self-build, the scheme will promote made-to-order homes that can be customised from existing designs.
Building your own home could become more mainstream thanks to Government plans to create a Grand Designs-style revolution by giving low-cost loans to those who take the plunge. A Help to Build scheme, supported by over £150m in Government funding, is designed to make building or customising homes a realistic option for Britons to get on the housing ladder through low-deposit mortgages. (Above, Grand Designs presenter, Kevin McCloud)
This could include more office space or features to support particular requirements for the disabled or elderly.
The Government estimates there could be up to 40,000 self and custom-built homes a year.
Housing Secretary Robert Jenrick said: ‘Building your own home shouldn’t be the preserve of a small number of people, but a mainstream, realistic and affordable option.
‘The scheme will help the thousands of people who’d like to build their own home but who have not yet considered it or previously ruled it out.’
Andrew Baddeley-Chappell, of the National Custom and Self Build Association, said: ‘This is all about delivering more and better homes that more people aspire to live in and communities are happier to see built.’
MP Richard Bacon is reviewing how to boost construction of self and custom-built homes, and will report in the summer.
Housing Secretary Robert Jenrick (pictured) said: ‘Building your own home shouldn’t be the preserve of a small number of people, but a mainstream, realistic and affordable option’