Minister Encourages Lending to Self Builders

Minister Encourages Lending to Self Builders

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Interactive Video

Business

University

Hard

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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.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

In what way does the text suggest that self building is not just for the privileged few?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the current trends in the mortgage market as mentioned in the text?

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