lhsbanner buildregisters oran

lhsbanner csbtk blue

lhsbanner fmb2

News

Right To Build Task Force South West Expo for self-build and custom

NaCSBA's Right To Build Task Force is hosting an expo near Exeter on the 8 March, sharing updates and information on the local picture of Right To Build progress for local autho....

Read more

New Housing Minister Raab joins elevated housing department

Dominic Raab has been appointed as Housing Minister, joining the newly elevated Ministry of Housing, Communities and Local Government under Secretary of State for Housing Sajid ....

Read more

Could the Right To Build be a route to homes for key-workers?

Richard Bacon asks the question: could the Right To Build be used to create homes to attract key-workers to areas struggling to recruit and retain core staff?

Read more

New Homes England agency to focus on more land for custom and self-build

Government has announced that the Homes and Communities Agency has been rebranded as Homes England in a move that will see more land being brought forward for development.

Read more

Huge 80% increase in people signed up to create their own home

 Recent research by the National Custom and Self-Build Association (NaCSBA) shows that 33,000 people have now signed up to the Right To Build registers.

Read more

Case Studies

Contemporary Timber Frame Home

Read more

Passivhaus Family Farmhouse

Read more

Steel Farm

Read more

Merlin Haven

Read more

Timber Frame Home, Ventnor

Read more

Aldcliffe Yard, Lancaster

Read more

Walthamstow Social Rent Scheme

Read more

Prefabricated Passivhaus bungalow

Read more

Cookham Dean, Berkshire

Read more

Harvest House

Read more

Bickleigh Eco Village, Devon

Read more

Stoke-on-Trent Serviced Building Plots

Read more

Forevergreen House

Read more

Housing People Building Communities

Read more

Sülzer Freunde, Cologne

Read more

Berlin - 'Building Groups'

Read more

Manor Farm, Kirton

Read more

Straw-baling, Perthshire

Read more

Findhorn

Read more

Almere, Holland

Read more

Hockerton

Read more

Top tips

Red Tape

Red Tape Read more

we support_logo-2tb

Finance and Fees

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.

An up-to-date list of self build mortgage providers can be found here: 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 Custom Build Serviced Plots Loan 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.

BUDGET ADVICE

Budgeting can make or break a project. The more accurate your estimates, and calculations, the more likely you will build your dream home without any crippling over spends. See our BUDGET ADVICE page for things to keep in mind.

CIL/S106 EXEMPTIONS

The Government has confirmed that self builders (and the clients of custom builders) will be exempt from paying the Community Infrastructure Levy (CIL) that is normally charged when planning permission is granted for a new house. It has also confirmed plans to exempt self builders from paying Section 106 (S106) Affordable Housing Contributions.

More detail on these topics is available on our dedicated CIL/S106 EXEMPTIONS page.

Related Links: