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Help to Build is here
We’ve seen at least one new prime minister, five royal births and a global pandemic since the idea of a Help to Build scheme was first mooted, but the self and custom build version of Help to Buy is finally here!
The aim of the scheme is to make building your own home a more accessible option by reducing the amount of your own cash you need to put in. Under Help to Build, you only need to find 5% of your land and build costs from your own pocket, compared to perhaps 20% or more with many current mortgage products. The rest of the funding comes from a self or custom build mortgage of up to 95% of the total – released in stages as the build progresses.