Bicester News

Deadline nears for self-build mortgage applicants

Deadline nears for self-build mortgage applicants

People looking to build their dream home at Graven Hill in Bicester have just a few days to apply for an innovative pilot mortgage scheme.

Cherwell District Council is trialling the product, which requires self builders to have a deposit of just five per cent in order to finance work on their new home. People have until Friday, 11 May to apply.

To lower the barrier to entry, the council is indemnifying as much as 20 per cent of each mortgage and has set aside up to £2.5m to help fund the construction work.

The criteria for the mortgage scheme stipulate that applicants must have a local connection with Cherwell district.

Further information is available at:

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