Minister Encourages Lending to Self Builders

The video discusses the self-build housing sector in the UK, highlighting that 15,000 self-build homes are constructed annually. Despite challenges like land scarcity and mortgage difficulties, self-building is seen as a viable option. The UK has a low self-build rate compared to Europe. Housing Minister Grant Shapps is working to reduce barriers, aiming for a self-build revolution accessible to more people. As the mortgage market recovers, there is optimism for increased lender support.

What is one of the main challenges faced by self-builders in the UK?

• Lack of skilled labor

• High construction costs

• Strict building codes

• Shortage of land and mortgages

What fraction of new homes in Britain are self-built?

• One in three

• One in four

• One in five

• One in ten

How does the UK's rate of self-build homes compare to Europe?

• It is the same as the US

• It is among the lowest

• It is about average

• It is among the highest

What initiative did Housing Minister Grant Shapps launch?

• A campaign to promote rental properties

• A drive to reduce obstacles to self-building

• A program to increase housing prices

• A scheme to build more public housing

What is the goal of the self-build revolution mentioned by Grant Shapps?

• To eliminate self-building entirely

• To make self-building accessible to everyone

• To make self-building exclusive to the wealthy

• To increase taxes on self-build homes