The government has announced help to those looking to self build their own homes. £150million has been put a side by the Department for levelling up, housing and communities to allow people to borrow 95% of the homes…but they will have to find the land and gain the planning permission.
It is only available to those building a house to live in and is capped at £600,000 or £400,000 if you already own the land. They will also have to have planning permission in place prior to accessing the funding. In a move that shadows the popular help to buy scheme the government loan part of the funding will be interest free for the first five years.