A Loan for Self-Build Homes is Now Available

Author: Alison Gourley
Posted on:

The Scottish Government have announced a new loan available for people who want to build their own homes.

After a successful pilot scheme run in the Highlands, the £4million fund is now open for applications from eligible city or rural self- builders who are unable to access a standard loan.

Announcing the new fund, Housing Minister, Kevin Stewart stated “We know that people are interested in building their own homes, and in some cases, it is the best way for families to tailor their homes to their needs. However, we also know that it can be tough to secure funding and get the right advice, which is why we set up the self-build loan fund to help those that need to access finance.”

In many parts of rural Scotland and particularly on the islands, self building is a traditional form of housing supply, yet it has become increasingly difficult to obtain finance for this.

The funds will be provided by The Highland Small Communities Housing Trust (HSCHT) on behalf of the Scottish Government.

The Trust’s Chief Executive, Ronnie MacRae said: “HSCHT are delighted to have been confirmed agents for the self-build loan funds and following the success of the Highland pilot we are sure this will be a key fund for Scotland. Whilst not yet back to where it was, self/custom-build is again a growing market and we’re excited to be working with the Scottish government and a range of partners to ensure this remains the case.”

To discuss your specific needs and circumstances please contact me Alison Gourley on 0141 552 3422 or by email ajg@mitchells-roberton.co.uk and I will be delighted to help.

About Alison Gourley

Alison graduated from Edinburgh University School of Law in 1991. She joined Mitchells Roberton in 1996 and became an Associate thereafter. Alison specialises in both commercial and residential conveyancing, advising individuals, large and small businesses, banks, charities and further education institutions on all property transactions. Having 20 years experience in property law Alison has developed excellent relationships with surveyors, independent financial advisers and banks so is ready to act swiftly and effectively to meet her clients’ needs in an ever changing property market. She enjoys getting to know her clients and is committed to giving them an efficient service and is always friendly and approachable. She is also involved with the marketing aspects of the firm. Alison is a residential conveyancing tutor in the paralegal course offered by Central Law Training through the University of Strathclyde. Alison is married to a photographer and has one child. In her free moments she likes to keep fit. She is a talented amateur artist and loves nature and the great outdoors. Email: ajg@mitchells-roberton.co.uk

Comments are closed.