Media release: Self-build experts welcome £4m loan fund for self-build in Scotland

Homebuilding & Renovation show, SEC Glasgow

FOLLOWING the Scottish Government’s recent launch of the £4 million Self-Build Loan Fund, the organisers of The Scottish Homebuilding & Renovating Show are expecting their next show, taking place at the Royal Highland Centre, Ingliston, Edinburgh on 15 and 16 October, to be packed with self-build enthusiasts.

The Self-Build Loan Fund, which the Scottish Government launched earlier this month (September 2018), will run for three years and offer loans of up to £175,000 to help with construction costs for self-build projects in both urban and rural areas.

Commenting, Michael Holmes said: “The Self-Build Loan Fund is fantastic news for would-be self-builders in Scotland. There is huge enthusiasm for building your own home and this fund will help self-builders access loans which will enable their dream home to become reality. We hope that if there is a strong take-up for the fund, the Scottish Government will back self-builders by adding more money to the scheme.

“There’s never been a better time to self-build in Scotland.

“The Scottish Government supports those who want to build their own home and has plans to reform the planning system to make is easier, including the introduction if Simplified Planning Zones that give more certainty about what can be built on a serviced plot.

“Self-builders also benefit from tax advantages compared to buying: stamp duty (Land and Buildings Transaction Tax) is payable only on the land value, not the cost of the build or end value of their completed home, making it possible for a self-builder in Scotland with a completed home valued at say, £400,000 to pay zero stamp duty (if the land was purchased for under £145,000), as opposed to £13,350 paid by a house buyer who purchased a £400,000 home.

“I am looking forward to coming back to Edinburgh in October to meet both experienced self builders and renovators, and the curious.”

The Scottish Homebuilding & Renovating Show, Scotland’s only dedicated consumer exhibition for self-builders, home renovators and improvers, will be packed with thousands of products, expert advice, free masterclasses, and seminars and more than 140 exhibitors giving visitors the opportunity to access ideas, expertise and inspiration they need in one place, in one day.

There’s also free expert advice at The Advice Centre, where visitors can take your plans, outline drawings or ideas and speak to architects, builders and planning experts as well as one of the Homebuilding & Renovating Magazine team.

The show is taking place at the Royal Highland Centre, Ingliston, Edinburgh on 20 – 21 October 2018. Opening hours: Saturday 10am – 5pm; Sunday 10am – 4.30pm.

Further information at


Further information from Jill Creighton, Headline PR

Notes to editors:

Applications for the Self-Build Loan Fund must

  • show that you can’t access standard bank lending to cover construction costs
  • own a plot of land to build on or have a contract to buy the land
  • have planning permission and a building warrant in place to allow work to start

The fund cannot be used to cover the cost of buying land.

The fund has been launched following a successful pilot in the Highlands and is now open for applications.

Loans are available for eligible urban and rural self-builders who are unable to access standard bank lending to support build completion, allowing access to a traditional mortgage which is used to repay the loan.

Applications can be made at

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