Can you get a Loan for RenovationsCould you get a loan for renovations?
Housing renovation subsidy | The housing administration (Touch)
Grants for renovation are only possible in special cases. Extraordinary conditions are considered to be given if there is an immediate and considerable danger for the user. The renovation grant is used to improve a house which has been classified as disabled or which needs repairs to avoid becoming disabled.
At present, we do not accept new pre-applications for a refurbishment subsidy, as we do not want to create an expectation for the accessibility of subsidies or create unnecessary expenses for man. This information applies only to those uses where abnormal conditions are foreseen. If you have your home, a refurbishment allowance can be granted:
Can anyone submit an application? It is possible to claim a subsidy if you own or want to buy a home, whether alone or with others. You may also be able to submit an application if you are a lessee and are in charge of repairs to the property. The works eligible for this financial contribution may involve damp-proofing, renovation of roofs, supply of essential facilities, chimney replacements, drains and plastering.
You have to bear the cost and we do not support it. Depending on the amount of request and the available funds. Under what circumstances does the award of the contract take place? Failure to comply with this arrangement may require you to pay back the subsidy with interest.
Amount of subsidy we are paying will depend on authorized costs of work and your finances. When you have a low level of incomes, you can receive subsidies up to a limit of £25,000. Please consult your nearest funding agency for more information and guidance on how much funding you can receive.
The subsidy from a lessor is calculated as a proportion of the area in which the real estate is situated.