Help to Build Scheme officially launches
Help to Build is now open to applications today Monday 27th June to help people with the cost of building their own homes. The government has pledged several actions to boost self and custom build, including setting up a new unit within Homes England to support the sector.
The Department for Levelling Up, Housing & Communities (DLUHC) has today published its response to an independent report by MP Richard Bacon looking into ways to scale up self-build and custom housebuilding.
This comes just two weeks after Boris Johnson’s housing speech where he pledged the government’s commitment to the custom and self build sector. The Help to Build scheme is an equity loan scheme specifically developed to help aspiring homebuilders finance their custom or self build. According to the National Custom and Self Build Association (NaCSBA). around 13,000 self build homes were built in 2021.
The scheme is designed to make it more affordable and realistic for more people to self build their homes, with the government believing that it could contribute to 30,000-40,000 new homes a year in the UK.
Responding to the government’s official confirmation of the launch on Friday, Andrew Baddeley-Chappell, CEO of NaCSBA, said:
“Help to Build is important because it opens up custom and self build as an option to those with smaller budgets and in particular smaller savings. Access to finance is just part of the answer.
“The key constraint is access to land with permission to build. This challenge is being addressed in part through the Right to Build legislation, which requires local authorities to ensure enough plots are permissioned to match the demand on the registers that they operate.”