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The Guardian - UK

Business

Rupert Jones

‘Sweat equity’: homebuyers turn builders for £10k off their mortgage

Chloe Radcliffe United States

Two people in yellow hard hats and hi-vis vests hold spades outside a red brick home under construction — Chloe Radcliffe, left, and her mother, Cordelia Hepworth, loved working on her home and ‘building a great little community with those who did the same’. Photograph: Prima Group/HPBC

A scheme that enables people to get thousands of pounds off their mortgage in exchange for mucking in to build their home could provide a route to ownership for those struggling to raise a big enough deposit.

Work recently finished on an affordable housing development in Greater Manchester where buyers were given a £10,000 contribution towards their mortgage deposit.

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