Jun
24
Thousands of families helped to build own homes
Author: Chloe Smith, Updated: 24 June 2022 15:34
Today the Government are launching the Help to Build scheme, creating new jobs, supporting the construction industry, and giving thousands of families the opportunity to build their own home.
People in Norwich will be supported onto the property ladder and given the opportunity to build their own home, with the launch of the government’s Help to Build scheme, the Department for Levelling Up, Housing and Communities announced today.
Backed by £150 million of government funding, Help to Build will enable people to overcome prohibitive mortgage costs to build a home that is tailored to their needs and in a community of their choice, with just a 5% deposit towards land and building costs.
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 – the average for a self and custom build deposit is around 25% of land and building costs.
Help to Build will help level up communities by supporting young people and families into homeownership in places where they want to live. It builds on the success of other government schemes, including Help to Buy and Right to Buy, which have helped more than 765,000 people buy their own homes and will contribute to the one million homes being built by the end of this parliament.
The scheme can help people with specific living requirements, creating homes that are tailored to their needs, including those with disabilities or those who live with large families or elderly relatives.
Help to Build is also part of the government’s plan to boost the UK’s underdeveloped self and custom build sector, which will create jobs, increase the number of new homes and help grow the economy.
Help to Build will help level up communities across the UK including here in Norwich by supporting more people and families into homeownership in the places where they want to live.
I am confident will further contribute towards helping Norwich people get the homes they need, which is one of my key local priorities I have set out for constituents. To find out more about what action I am taking both in Norwich and Westminster for this work, please visit: https://www.chloesmith.org.uk/myplan/homes.
For further information, please visit: https://www.gov.uk/government/news/thousands-of-families-helped-to-build-own-homes
I hope you find this information helpful. The Government is committed to jobs, and so am I for us in Norwich. If I can help constituents with any matter, please do email me on chloe@chloesmith.org.uk or ring my constituency office on 01603 414756.
Chloe Smith