Capita Asset Services has partnered with Lloyds Banking Group to launch a new scheme which will help more people to build or customise their own homes.

The Custom and Self Build (CSB) scheme, supported by Countrywide, will also help local authorities with land to develop to both attract buyers and retain control over developments until completed.

Based on the existing local authority mortgage scheme, the CSB will also help local authorities meet the government's Right to Build agenda.


Cecilie Booth, director at Capita Asset Services, said: "The Custom and Self Build Scheme tackles a number of issues head on. For those wishing to build their own homes, access to mortgages has always been a challenge because lenders, not unreasonably, insist on staged payments.

"For local authorities, either those leading developments or with land to develop, this scheme reduces risk and guarantees that buyers will have agreed finance in place.

"Importantly it will help to tackle the need for new homes – according to government estimates, up to 100,000 custom-built and self-built homes could be created over the next decade."

(CD/JP)