lb150 million funding to kickstart 'self building revolution'

Housing Secretary Robert Jenrick has announced new intends to make it easier and much more affordable for people to build their very own homes.

Backed by more than £150 million on new government funding, the ‘Assistance to Build’ scheme will make sure that self and custom home building may become a realistic option to get to the housing ladder through lower deposit mortgages.

Lowering the required deposit will release capital, so people can take shape the house that they want and need whether it’s a commissioned, made to order home, or a new design on your own.

Made to buy homes allow individuals to customise the house they want according to existing designs, including more office space, or perhaps a particular design to aid a family’s requirements including for disabled or older people. Self and custom build could deliver 30-40,000 new homes a year.

The Prime Minister has commissioned Richard Bacon to lead a review on how the united kingdom can scale in the delivery of self and custom build homes. The review will report its findings and suggestions in the summertime.

Jenrick said: “Building your own home shouldn’t be the preserve of the small number of people, but a mainstream, realistic and affordable option for people across the country. That’s why we are making it easier and more affordable – backed by over £150 million new funding in the government.

“The scheme we've launched today can help the thousands of people who’d like to build their very own home but who’ve not yet considered it or previously ruled it out. Our plans can help get more people on to the housing ladder, ensure homes suit people’s needs like home working or caring for relatives, whilst providing an important boost to small builders and businesses too.”