Bicester ‘plot shop’ backs Government drive for self-build homes

Homeowners looking to build their own property can now pick a plot in Bicester, Oxfordshire.

The ‘plot shop’ will sell land on the Graven Hill development, with up to 1,900 plots available for self-build and custom-build homes.

The site, the first of its kind in the UK, aims to make it easier for homeowners to access land and advice about building.

Bicester housing and planning minister Alok Sharma says: “We need to get creative with how we build our housing in this country to deliver more of the right homes in the places people want to live.”

The Government’s Housing White Paper pledges to double the number of custom and self-build homes by 2020.

Aspiring owners can choose to build their home from scratch or through customised design offered by the high street shop.

Sharma adds: “Through diversifying the housing market in this way we can give people greater choice over the homes they live in.”

Virgin Money director of mortgages Peter Rogerson says: “The custom build market is a really exciting area of new house building that offers significant growth potential, providing a supply of high-quality homes specifically designed to buyers’ individual requirements.”

Recommended

UK-Currency-Money-Coins-700.jpg

Virgin Money launches into custom build

Virgin Money has launched a range of custom build and shared ownership loans. The new custom build loans include a three-year tracker rate at 80 per cent LTV available at 4.79 per cent, with a £1,995 product fee. The lender is also bringing in a three-year tracker rate at 85 per cent LTV available at […]

Hard-Hat-Construction-700.jpg

Nottingham ups self-build LTV, widens criteria

Nottingham Building Society has increased its maximum LTV and widened criteria on its self-build mortgages.  Self-builders will be able to borrow up to 75 per cent LTV on the purchase of land, and up to 85 per cent LTV of the final value of the property.  The previous LTVs were 65 per cent and 75 […]

Advice or guidance? That is the question

The Retail Distribution Review (RDR) brought many benefits to the UK pension industry, but it also created an advice gap, resulting in consumers with the smallest funds struggling to access advice at a suitable price By Justin Corliss, Business Development Manager The Financial Advice Market Review (FAMR) produced in March 2016 aims to remedy this, […]

Newsletter

News and expert analysis straight to your inbox

Sign up