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News

Plans announced for Right to Build across England as self/custom build bill gets Commons green light

Consultation underway on plans to enable custom/self builders to turn to councils for land as approval in principle is given to the Self Build and Custom Housebuilding Bill

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Briefing document on self/custom build bill released before second Parliament reading

Paper provides background on Government support available to people wishing to build their own home

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15,000 custom/self build homes a year "not implausible", says new report

Proposals suggest new targets for custom/self build housing to tackle housing crisis

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South London group steps up self build campaign as more projects are established

Lewisham-based organisation plans discussion day on 34-home self build project; one of many new schemes taking shape

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Collaborative project wins top prize in the Self Build on a Shoestring 2014 competition

Team of architect, community self build group and housing association wins £5,000 prize

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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

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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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