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The Government has launched its new ‘Help to Build’ equity loan scheme, designed to help self-builders in England access mortgage finances with a low deposit. Full details of the scheme, which will be run by Homes England, have been released by the Ministry of Housing, Communities and Local Government. The broad ....
'Self-builders could create 40,000 homes a year,' says report mortgagestrategy.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgagestrategy.co.uk Daily Mail and Mail on Sunday newspapers.
Government announces £150m self-build scheme By Gary Adams 26 th April 2021 9:38 am The government has put aside £150m for ‘Help to Build’, a scheme designed to make it easier for people to build their own homes. The money will go towards funding loans – the borrower will put 5% down as a deposit, the government will provide 20% and the remaining 75% will have to be secured through a self-build mortgage. This, says specialist lender BuildLoan, is similar to the Help to Buy scheme, except that the government loan goes to the lender rather than the house builder. The government hopes that 30,000 to 40,000 extra homes could be added a year through self- and custom-build and that smaller house builders will benefit from this increased activity. ....