Help to Build could save UK self-build sector
The Government’s plans to increase the UK self-build sector from 100,000 to 200,000 over 10 years has been impeded in the last few years by planning laws, lack of lending and expensive land. However, the new Help to Build MIG could start to see the self-build market picking up. In July 2011, Grant Shapps set up a working group with industry and Government to try and make self-building your own home a less daunting and difficult experience. In the last couple of months MPs, lenders and policy makers set up an all-party parliamentary group on self-build. The Government is now actively considering a major step of launching a Help to Build MIG scheme as part of the Help to Buy scheme which is set to launch in January 2014. If a MIG scheme comes into force, combined with new planning rules, it could mean that more brokers are likely to get involved in the sector as demand will hopefully increase. Although there is not much news on this scheme at the moment we are keen to see what develops – you can subscribe to our blog to keep up to date with the latest announcements. Source: Mortgage Strategy Surveyor Link Limited provides survey management and reporting services, code consultancy, technical auditing and claims validation surveys for consumers and business.Tags: Help to build, Nasba, Selfbuild, Surveyor Link limited