Up to £210m opens the door to more self-builders in Wales

Building your own home in Wales will become easier thanks to a new scheme launching this year.Through Self-Build Wales:the Development Bank of Wales will offer loans on pre-agreed plotsthe loans will be repayment free until the new home is mortgaged allowing people to build their new home and cover living costssuccessful applicants can choose to use an approved builder or in certain circumstances do the work themselveslocal authorities and housing associations will make plots available with planning and site requirements completeevery plot will have a ‘Plot Passport’ including approved designs, an estimated build cost and options for personalising the homeapproved applicants can reserve a plot by providing a 25% deposit on the plot cost. The Welsh Government through the Development Bank of Wales will provide the rest of the funding.£210m is the projected investment over the term of the scheme as the initial £40m Welsh Government investment will be recycled.