Scotland’s successful self build loan fund reopens
Self builders in Scotland can now apply for a loan up to £175,000 to help fund the construction of their homes. After closing to new applications in August 2022, the Self Build Loan Fund has now reopened to improve access to finance for self build projects and increase the number of good quality, energy efficient houses.
Administered on behalf of the Scottish government by the Communities Housing Trust, the fund was initially launched as part of a pilot scheme in 2018, and 41 loans worth £6.2 million have been approved to date. Housing secretary Shona Robison said: “This fund aims to unlock the dream of building your own home, in many cases allowing people to stay in their local communities. [It’s] a crucial lifeline for those unable to access standard bank lending.”
