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The government are releasing up to 100 building plots in the 2012 Olympic village in Stratford, and some East Londoners are bidding to self-build on the site.

Building plots released on Olympic siteThe London Legacy Development Corporation’s (LLDC) has called for expressions of interest for anyone wishing to build on the site, which was the former handball arena.

There is currently a group of twenty households who have expressed their interest in building their own homes on the site. The LLDC plans to allow some 8,000 homes on the former Olympic Site overall. While this is likely to

This is another indication of the Government’s policy to try to open up the idea of self-build to a wide range of budgets, and not just to affluent people. Their idea is to tackle the housing shortage by getting people to build the houses they want, and then presumably to settle in them long term, given that they are offering these tax breaks providing you stay for 7 years.

The news follows on from last month’s announcement by the Governments Housing Minister Mark Prisk, who plans to release £14million in grants over the next two year to bump start the self-build market along these lines. See the statement released by the Housing Department last month.

If you are planning a self-build project we have a section in our project pages with lots of information to do with building your own home, go to the DIY Doctor self build index page and browse through all the useful information including specialist mortgages, finding building plots, development processes, cheap materials, vat implications, planning costs, and how to design your own home.

You may also want to check out our blog about the new changes to VAT on Self Build Projects, by clicking on this link.

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