Self-build fund

A new £4 million self-build loan fund offering financial backing to people who want to build their own homes will be available from next year.

Housing Minister Kevin Stewart confirmed the fund was being set up following a successful pilot in the Highlands.

In addition a challenge fund is now open to support projects that will help planning departments develop ways to better respond to the needs of people undertaking a custom or self-build home.

Mr Stewart said: “We know many people seeking to build a bespoke home, which is tailored to their family needs, can find it tough getting the right advice and securing funding. A pilot in the Highlands proved really successful and now others in communities across Scotland will be able to apply for a share of this £4 million investment later next year.

“There was considerable interest in the fund following the launch of the pilot in the Highlands, which is why we have made the decision to make an early announcement on the national roll-out. This will give potential applicants the time to investigate housing plots and obtain the necessary permissions, so they can be ready to apply to the fund when it opens.

“In addition to this, our custom and self-build challenge fund is now open to support projects that will help planning departments develop ways to better respond to the needs of people undertaking a custom or self-build home.”

The self-build loan fund will be open to applicants nationwide from Autumn 2018 and will support people over the next three years.

Loan fund to help people build a home

8 Nov 2017