The scheme is aimed at helping would-be self and custom builders
, where costs are higher, the loan is up to 40 per cent of land and build costs. This will allow borrowers to access low-deposit mortgages on both self and custom built homes.Housing minister Stuart Andrew says:"Help to Build will open for applications on Monday, making self and custom-designed homes an option for those who don’t have Grand Designs size budgets. Most people are currently priced out of this option because it can require huge sums up front.
Self-build is when you organise the build yourself from finding a plot and applying for planning permission to hiring architects and a builder. Custom build is either a single dwelling commissioned by an individual and built by a developer or one of a group of homes on serviced plots that are built by a developer with the offer of bespoke design for the buyer. the Government hopes that it will result in 30,000-40,000 new homes a year in the UK.
You will need a deposit of at least five per cent for the equity loan, along with a self-build mortgage.build your home The loan must be repaid at the end of the mortgage term, which is usually 25 years, and there is a £1 monthly management fee for the life of the loan.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
We sold our car to help save up £20,000 deposit to buy our first homeSAVING to buy a house often requires giving up the things you love – as first-time buyers Meg and Ben found out when they sold their car to buy a home. Wind turbine technician Ben Dransfield,…
Weiterlesen »
How to help your baby stop sucking their thumbStop your tot from thumb sucking with these seven gentle tips and advice from childcare expert Fi Star Stone.
Weiterlesen »
New technology can help monitor, manage and minimise methane leaksLess methane leakage is something governments want, it is something investors want and it is something which often pays its way
Weiterlesen »
Love Island fans beg Davide to get help after spotting major issueLOVE Island viewers are desperate for Davide to get a pair of prescription sunglasses. The Italian hunk regularly has to slip his sunnies over his normal glasses to get a better look at things – le…
Weiterlesen »
Green gases can help in the shift from fossil fuels to electricityUsing electricity to do things currently done with fossil fuels means generating more of it. Here’s how hydrogen can help
Weiterlesen »