There are clear reasons that governments want to encourage self build homes throughout the UK – they add to the housing stock, rather than relying on a stock than is already not meeting demand. It’s a small gesture on the account of the house-builder, but, as they say, every little helps.
Now, Scotland has unveiled a £4 million fund for potential self-builders, which can be applied for and won as grants to help self-build dreams become reality. Self-build mortgages can be, after all, harder to come by and a much more complicated process.
According to the Buteman, the fund has been well-received, with Argyll and Bute Council’s Policy Lead for Housing, Councillor Robin Currie, stating that he hopes that people make the most of it: “We know there’s a shortage of affordable housing across the UK, but there are lots of people who would like to build their own home but have found it difficult to get a self-build mortgage,” he said.
The scheme, which is taking applications now, was announced after a successful pilot project by the Highland Small Communities Housing Trust.
The fund, which is available until the end of August 2021, is for those people who want to build a home, but cannot get a self-build mortgage, though they would be able to receive a mainstream mortgage on completion of the build.
The maximum loan amount is £175,000 and you must already own an unburdened plot of land for the build and have full planning permission.