Loan fund launched to help self-builders in England

PEOPLE wanting to build their own home are being offered the chance to apply to an UK government loan fund, to help them realise their dream.

The fund – applying only to self-builders in England – provides access to finance of between five per cent and 20 per cent (up to 40 per cent in London) of the total estimated cost, with the first five years being interest-free.

Says the National Custom and Self-Build Association (NaCSBA), here, the size of the fund is £150m.

Begins an UK government announcement, here: “Help to Build is a new government equity loan that will be available to people in England who want to custom build or self-build their own home.

“Custom build and self-build homes are not just for people who have owned or built a home before. Help to Build can make building your own home a realistic choice, even if you have a small deposit.”

Picture credit: Place Design Scotland