Question reference: S6W-26173
- Asked by: Rachael Hamilton, MSP for Ettrick, Roxburgh and Berwickshire, Scottish Conservative and Unionist Party
- Date lodged: 9 April 2024
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Current status: Answered by Paul McLennan on 30 April 2024
Question
To ask the Scottish Government by when loan payments from the Self-Build Loan Fund are required to be repaid.
Answer
Each application and subsequent loan offer made under the fund will depend on the individual circumstances of the applicant and nature of the particular build, however the typical period for repaying loans made under the Self Build Loan Fund is 12 months. It is intended to be short-term bridging loan funding which helps self-builders with development costs allowing them to complete their home.