Property Improvement Loan

Loans for real estate improvement

Real estate improvement loans - WCBC Up to £25,000 in loan money is available to improve property that is owner-occupied or let out. Entitled to file applications are also proprietors of vacant real estate who wish to own the real estate themselves. Real estate that has been transformed into a number of self-contained entities may receive a loan per self-contained entity - up to a limit of 6 entities per claimant.

A loan is a guaranteed loan with a fee that is charged against the property during the term of the loan. An initial or second fee is charged, whereby the aggregate amount of the loan does not exceed 80% Loan to Value (LTV). As a rule, the fee is levied on the land to be renovated; however, the fee can be safeguarded against an alternate land plot if necessary.

Once the work has been completed, the property must be let or resold. A 15% claim charge of the entire amount is levied for credits, further interest on the loan itself is not levied. It shall cover all expenses to the Council arising from the granting of the loan, inclusive of land registry and business house charges (if any), legal and evaluation charges (if any).

Charges may be reviewed, please feel free to email us for further information. The Wrexham County Council also provides support in finding shooters for jobs if you wish through our Houseproud program. A small surcharge may apply for this work - please do not hesitate to get in touch with us for further information. Credit lines have a term of up to 5 years for rentals and up to 7 years for own use.

DIY lending

The Fareham Council is dedicated to improving the lives of people in the residential construction industry and making property safer and more sheltered. A lot of owner-occupiers who receive an income-related service find it difficult to obtain the necessary finance to make the necessary repairs to their houses, even though there is considerable "equity" in the property.

This loan, provided by the Council, is designed to enable the financing of the works, while postponing the reimbursement of the interest-free loan until the apartment is sold. Subsequently, the property's own capital is used to pay back the loan together with a small administration fee.

The Fareham Council will consider the provision of an interest-free home improvement loan, provided the applicant's funding and funding is available, to help endangered homeowners who are deemed to be at Risk and cannot finance substantial repair. This loan is intended to cover the costs of repairing damage, removing serious risks, modernising equipment or improving the efficiency of central heating.

Brochure Baumarktkredite (356 KB) contains further information about the programme.

Mehr zum Thema