Highlands Small Communities Housing Trust launches self build loan fund
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The Highlands Small Communities Housing Trust (HSCHT) has announced it is now accepting applications for the new £4 million Highland Self Build Loan Fund (HSBLF).
To be administered by HSCHT, the Scottish Government fund was revealed by Margaret Burgess MSP at last month’s Rural Housing Scotland Conference.
The HSBLF has come about after it was recognised that there was a gap in the lending market, to provide funding for self builders, prior to mortgage facilities being available. The fund allows HSCHT, acting as agent to the Scottish Government, to provide a revolving fund to help self builders.
The new fund will allow individuals and families to borrow up to £150,000, to help them reach build completion. The loan is then repaid when the applicant is able to access a traditional mortgage.
For more information, or to download a brochure or application form, please click HERE.
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