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News

'First' custom build project launched near Peterborough

Innovative development of 11 eco-friendly detached homes comes to market

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Exmoor and Dartmoor gauge Right to Build interest

Two local authorities in South West England invite people interested in building their own home to come forward

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Hanse Haus seeks UK partners to deliver more custom build homes

Prefab construction specialist proposes new, cost-effective way to build state-of-the-art houses

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Case Studies

Bickleigh Eco Village, Devon

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Stoke-on-Trent Serviced Building Plots

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Harvest House

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Forevergreen House

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Housing People Building Communities

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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

Charlie Luxton's
Top Tip

Charlie Luxton's  Top Tip Read more

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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.

Homebuilding & Renovating provide an up-to-date list of self build mortgage suppliers. 

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. 

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