Comment on Help to Build scheme from Chartered Institute of Building
The Government has today (June 24) launched its Help to Build equity loan scheme, making £150m of funding available to support people to build their own homes with a 5% deposit. The scheme takes forward recommendations from a 2021 review into self and custom-built housing, by Richard Bacon MP, the findings of which were largely supported by the Chartered Institute of Building.
Hew Edgar, Associate Policy Director at the Chartered Institute of Building, said: “We welcome the introduction of the Government’s Help to Build scheme and, while it can only ever be part of the housing crisis solution, we believe it will go some way to tackling England’s housing shortage by enabling more people to own their own homes which fully meet their individual requirements. It is important however that careful consideration is given to quality control when it comes to self-build homes to ensure properties meet required standards and are therefore safe for those who live in them.”