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News

Additional 5,000 self/custom build homes likely to be created

Opportunity for people to build their own homes in new garden cities

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Around 60 councils now involved in planning or supporting more self and custom build housing

Yorkshire MP quizzes Housing Minister on self build progress

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Blue Ribbon self build winner announced

Garden plot in Surrey scoops 2014 award

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Government outlines how the Section 106 affordable housing exemption might work for self builders and home extenders

Government’s proposals revealed in a new Consultation document

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Huge turn out from MPs for the inaugural meeting of the self and custom build All Party Parliamentary Group

Planning Minister says he wants to see at least a quarter of all Britain's homes delivered by self/custom build

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Case Studies

Bickleigh Eco Village, Devon

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Stoke-on-Trent Serviced Building Plots

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Forevergreen House

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Liverpool Habitat for Humanity

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Sülzer Freunde, Cologne

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Berlin - 'Building Groups'

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Manor Farm, Kirton

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Straw-baling, Perthshire

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Low-cost Irish House

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Community Eco-homes, Devon

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Lancaster Co-Housing

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Cropthorne

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Findhorn

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St Just In Roseland

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Hempsted Green

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Vauban, Germany

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Warborough

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Almere, Holland

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Ashley Vale

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West Quantoxhead

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Castle Ring Wood

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The Camberwell Curve

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Trefeglwys

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Wellstride

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Hockerton

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Wokingham

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Top tips

Kevin McCloud's
Top Tip

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Sources of finance

Sources of Finance

If you are planning to build your home on your own there are broadly there are three ways of financing a project: 
  • You are able to use your own savings (if so, you can probably stay in your existing home until the new one is built). Sometimes people are able to supplement their own savings by arranging an informal loan from family or friends.
  • You sell your current house to raise the finance you need, or use your existing property as surety for a loan to fund the new house. If you have to sell your current home you might then live in a caravan on site, or with relatives, or rent a house while the new home is built.
  • You borrow the money you need by taking out a mortgage on your proposed self build home. Usually you can only borrow about 75% of the land cost, and 60% of the build cost, so you will still need a sizeable deposit. Our Suppliers Directory lists financial/mortgage providers.

You need to assess your situation and work out which method or combination of methods will work best for you. 

Here are some sources of information about self build finance and how the various self build mortgages work:

The latest list of self build mortgage suppliers from Homebuilding & Renovating should be very useful. 
 
If you are hoping to build as part of a group self build scheme you may be eligible for a loan under the Government’s new Custom Build Investment Fund. To be eligible there has to be at least five homes being built together. Read more about the full prospectus here. Note that a slightly different approach is being proposed from the Greater London area.
 
Community-led housing schemes are also eligible for grants towards some professional fees. Locality has more information.
 
Some of the bigger lending institutions may also be worth approaching, though in the current economic climate; it’s very difficult to get finance for group self build schemes.