Building your own home could become more mainstream thanks to Government plans to create a Gran Designs-style revolution by giving low cost loans to those who take the plunge.
A Help to Build scheme, supported by more than £150 million in Government funding, is designed to make building or customising homes a realistic option for Britons to get on the housing ladder through low deposit mortgages. It follows the popular Help to Buy scheme for first time buyers which began in April 2013.
As well as the self-build, the scheme will promote made-to-order homes that can be customised from existing designs. This could include more office space or features to support particular requirements for the disabled or elderly. The Government estimates there could be up to 40,000 self and custom built homes a year.
Housing Secretary, Robert Jenrick said: 'Building your own home shouldn't be the preserve of a small number of people, but a mainstream, realistic and affordable option. The scheme will help the thousands of people who'd like to build their own home but who have not yet considered the option.'
MP Richard Bacon is reviewing how to boost construction of self-built homes, and will report in the summer.
