Always dreamed of building your own home?

A government scheme launched to help you do just that.

Overview of scheme

Help to Build is a new government equity loan that will be available to people in England who want to custom build or self build their own home.

Custom build and self build homes are not just for people who have owned or built a home before. Help to Build can make building your own home a realistic choice, even if you have a small deposit.

A custom build or self build home means that you can decide on the:

• design – building in features that suit your lifestyle, such as energy efficiency and smart technology
• internal layout – designing a home that will suit your family’s specific needs
• location – homes can often be the size and scale you want, built on smaller plots of land available for development in the area you want to live.

With Help to Build, we can offer you an equity loan based on the estimated costs to buy a plot of land and build the home.

The equity loan amount can be between 5% to 20% (up to 40% in London) of the total estimated cost.

If you’re eligible, you can spend up to £600,000 on your new home. This must include the cost of the land if you don’t already own it, and no more than £400,000 on the cost to build it.

You can apply for Help to Build if you:

• are 18 years of age or over, and have a right to live in England
• will live in the newly-built home as your only home
• secure a self build mortgage from a lender registered with Help to Build

You can find out more about Help to Build: Equity Loan in our Customer’s Guide

This explains how the equity loan works, who can apply, what you can borrow, how to repay, plus has information about interest, fees and how to apply.