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Government reveals plans to double number of self-build homes in the UK

People who are looking to kick-start their dreams of building their own home will find it much easier after the launch of a new registers scheme which is designed to help them find a plot.

Government reveals plans to double number of self-build homes in the UK

As part of the governments solution to tackling the housing crises, from the 1st of April councils will have to keep a register of aspiring self and custom house builders when planning for future housing and land use.

The registers should make it easier for those looking to build their own homes to find a plot of land when one becomes available.

Housing and Planning Minister Brandon Lewis said the move will help unlock the massive potential the custom build industry has to meet the UK’s future housing needs.

Lewis said:

“Many other countries have a track record of delivering large numbers of local homes through self-build and we’re determined to ensure self and custom house building grows significantly.

“The new registers are a fantastic example of our commitment to double the number of custom and self-build homes by 2020 – so anyone who wishes to design their dream house can do so.”

As a result of the housing crisis, many people now fear they will never get on the property ladder. Rising prices have been blamed on the shortage of supply as well as increasing demand.

The government pledged to build 400,000 new homes by the end of the current parliament as part of its commitment to boosting home ownership in the Autumn Statement.

However, the UK currently only builds about half the number of the 250,000 homes which are needed each year.

The registers are in addition to the measure in the Housing and Planning Bill which will require authorities to ensure they have sufficient shovel ready plots to match the local demand on their register.

The Self-build and Custom Housebuilding Bill was first presented to Parliament by Richard Bacon MP and placed a duty on local authorities to keep a register of those seeking an interest in bringing forward self and custom build projects.

In the Spending Review the government announced the Housing Development Fund which aims to provide access to £1 billion of loan finance for up to 5 years supporting the provision of over 25,000 homes through to 2024 to 2025.

The fund is for custom build, small and medium builders and innovative new building methods.

References:

What Mortgage

Gov.uk

About Self-Build Zone :

Self-Build Zone is a trading style of Sennocke International Insurance Services Limited, which is authorised and regulated by the Financial Services Authority.

Self-Build Zone provides Site Insurance and Structural Warranty packages for new builds, renovations, extensions and conversion projects from DIY home improvements and new build, to major renovations incorporating large scale alteration, employment of tradesmen and extension work.

Site Insurance is essential for anyone planning an extension, renovation, conversion or new build project. Self-Build Zone have several different site insurance options to protect your project during the build process, including flexible short term extendable policies as well as the traditional 2 year policy.

Go online at www.selfbuildzone.com or call the team on 0345 230 8974

 

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