Home Improvement Loan

This provides assistance with moving costs where major adaptations to adapt a property under the Mandatory Disabled Facilities Grant are not considered cost effective or feasible and where the applicant has decided to move to a previously adapted or more adaptable property.

Who can apply for a loan?

The applicant must:

  • Be aged 18 years or more.
  • Live in the dwelling as their only or main residence.
  • Be an owner, or leaseholder with at least 5 years to expiry of the lease or have an exclusive right of occupation for at least five years.
  • Be a tenant (for disabled adaptation works only).
  • Have a duty, power or permission to carry out the works.

Who will qualify?

Priority for loans will be given to elderly (over 60 years old) or vulnerable applicants or those proven in financial hardship and unable to access a commercial loan. Vulnerable applicants, or their partner, would generally be in receipt of one of the following benefits:

  • Income Support.
  • Council Tax Reduction.
  • Working Tax Credit with an annual income of less than £15,050 (subject to change).
  • Child Tax Credit with an annual income of less than £15,050 (subject to change).
  • Universal Credit (this includes any amount of Universal Credit which is being introduced from 2013 onwards as a replacement for working age benefits and tax credits).
  • Guarantee Pension Credit.
  • Income-Based Jobseeker’s Allowance.
  • Income-related Employment and Support Allowance.
  • Disability Living Allowance.
  • Industrial Injuries Disablement Benefit.
  • War Disablement Pension.

The property has to be traditionally constructed and built or converted 10 years before application date. The loan is not available to mobile homes.

What can the loan cover?

Loans can be used to assist applicants needing the following type of help:

  1. Meeting the financial contribution to a Mandatory Disabled Facilities Grant as determined by the Housing Renewal Grants Regulations 1996 (as amended).
  2. Topping up a Mandatory Disabled Facilities Grant where the grant does not cover all the adaptation costs.
  3. Assisting someone move house, where the home cannot be adapted or is not suitable for their long term disability needs.
  4. Energy efficiency/renewable energy improvements.
  5. Any works deemed necessary to bring the dwelling up to the Decent Home Standard or move the dwelling towards decency. The definition of a Decent Home is taken from the Government documentation – A Decent Home – Definition and guidance for implementation, CLG June 2006 – update. 

Are there conditions attached to the loan?

The loan will be administered by the Council’s approved third party loan provider. The loan terms and conditions will be in accordance with the loan product as agreed with the loan provider Parity Trust.

How much assistance am I entitled to?

Loans are available for between £1,000 and £25,000 and offered at a subsidised interest rate.