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Thousands are unable to find a new home that suits them at a price they can afford. But a growing number are are giving up part of their garden to build a home for a family member.
The Government says 30,000 to 40,000 households could use the scheme, known as Help to Build, each year. It will be available later in the summer and the full details haven t been revealed.
A third of UK homeowners would give up part of their garden to build their own new house after the government launched its new £150m Help to Build scheme, research from Together has revealed.
More than 34% of respondents are prepared to take on a major self-build project to create a property for themselves or a family member to live in, or to sell, according to the survey by the specialist lender.
Of those who would attempt a self-build, 14% said they’d do so to create a permanent home for a family member, 10% would build a house they would sell and 8% would move in themselves.