In an exciting boost for those wishing to build their own home, the government has announced a £150m stimulus into supporting selfbuilders.
TFQ are well experienced in helping a wide range of clients in building new properties and would love to speak to anyone who has queries/concerns about the fantastic but often challenging process that designing and building a home can be.
The article can be read in full here (https://www.gov.uk/government/news/over-150-million-funding-to-kickstart-self-building-revolution)
But here's a little excert:
"New plans supported by over £150 million in new government funding will make it easier and more affordable for people to build their own homes, the Housing Secretary Robert Jenrick has announced today (24 April 2021).
The ‘Help to Build’ scheme will ensure that self and custom home building can become a realistic option to get onto the housing ladder through lower deposit mortgages.
Lowering the required deposit will free up capital, so people can build the home that they want and need whether it’s a commissioned, made to order home, or a new design from scratch. The scheme will provide an equity loan on the completed home, similar to the Help to Buy scheme.
Made to order homes allow people to customise the home they want based on existing designs. This could include more office space, or a particular design to support a family’s requirements including for disabled or older people.
Self and custom build could deliver 30-40,000 new homes a year: a significant contribution to the country’s housebuilding ambitions.
The scheme is part of the government’s wider Plan for Jobs as the new plans will also benefit small building firms. SME builders account for 1 in 10 new homes and the scheme will help scale up the number of self and custom build homes built every year."
Its great to see additional support for people choosing to create high quality family homes themselves.