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News

Self build schemes progress in Oldham and Bedfordshire as new register launches

Two projects see over 40 self build homes in pipeline as another local authority begins to list prospective self/custom builders

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New scheme launched to help more people build their own homes

Blueprint de-risks mortgage applications for self/custom build properties by allowing vanguard councils to 'oversee' projects

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Custom build plans approved for regeneration of North Shields dockyard

Work expected to start this year on first phase of 34 two and three storey contemporary family homes

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Partnership ready to offer custom build homes at Trevenson Park South

Self build specialist teams up with Cornwall-based contractor/developer to provide homes for pioneering South West custom build scheme

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Midlands vanguard councils create self build registers

Local authorities just a few of the 11 selected by the government to pioneer the Right to Build Scheme

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Case Studies

Prefabricated Passivhaus bungalow

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Cookham Dean, Berkshire

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Harvest House

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Bickleigh Eco Village, Devon

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Stoke-on-Trent Serviced Building Plots

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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

Land Banking Schemes — How to Spot a Scam

Land Banking Schemes — How to Spot a Scam 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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