Applicants with their own land

If you’re interested in applying, the next step is to decide whether your plot is suitable for the Self Build Wales scheme. We will require the following information from you to determine this:

• Where is the land located? (Address)
• What is the size of your plot/site? 
• What is the size of the home you want to build?
• How many plots will fit on the site. If more than one, what size are the plots?
• Does the plot/site have detailed planning permission, outline planning permission; or has a planning application been submitted?
• Has the land been valued professionally? If not, how much do you believe the land to be worth? 
• Has the plot/site undergone a development appraisal? 
• Are there any known restrictions on the land? 
• Are there any existing structures on the land? 
• Does the plot/site have road access in place? 
• Are services (namely utility connections – gas, electricity, water, broadband) in place to the site boundary? 
• Who is the legal owner of the land? 
• Are there any legal charges or encumbrances on the land from other lenders? 
• Do you have any indication of the estimated cost of building your home?
• Do you know the estimated value of the completed build?
• Have you approached any other lenders for self-build funding? What was the outcome? (all applicants must explore private sector funding options before applying to SBW).

• You will not be able to let or sell the self-build home for a minimum of five years from the completion date. 
• The completed self-build or custom-build house must be your only property. 
• You can only use a builder who is accredited on the TrustMark Scheme. 
• The cost of development of the land and the build costs should not exceed 75% of the value of the completed build. If a plot is successfully obtained through the scheme, you are not able to apply for another plot in the future. 
• You will not be allowed to occupy the property until the self-build development loan has been repaid.
• As a government backed scheme, it is not our intention to compete with private sector lenders; you must fully explore private sector funding options before applying to the SBW scheme. We may require evidence of this.
• A build cap of £350k is applicable to all developments (this cap only applies to the cost of building the property, and does not include interest, fees, enabling works or land purchase costs).
• The maximum property size that may be built under the scheme is 2,045 sq.ft. / 190 sq.mt. Properties larger than this may be considered by exception, depending on need (e.g. adapted living, larger families). Should your circumstances mean that you require a property bigger than 2,045 sq.ft. / 190 sq.mt., please contact the SBW team who will be happy to discuss your requirements in more detail.

In order to participate in the scheme all builders must be TrustMark registered. 

You can search on the TrustMark website for a local registered builder, or you can invite a known builder to join Trustmark online. 

Click here to search for a TrustMark registered builder. 

Click here to register as a builder for the TrustMark scheme.

• There are no repayments to make during the term of the loan (max 2 years). 
• Interest will roll-up and is added to the balance of the loan on a monthly basis.
• An Arrangement Fee of 1.25% of the agreed loan amount will be payable on first drawdown (there may be scope to add this to the loan in some cases)
• An Exit Fee of 1.25% will be payable on any amount repaid.
• There are no early repayment charges.
• Professional fees and charges may also apply, such as (but not limited to) architect, contract administrator, solicitors fees.
• Land Transaction Tax (“LTT”) will apply to any land purchase, and Applicants are advised to check the LTT amount, and their affordability, prior to agreeing a purchase.
• Self Build Wales will take a 1^st legal charge over the land prior to first drawdown of funds.   
• Applicants are strongly advised to obtain independent legal advice before progressing with the scheme.