Property Renovation LoanLoans for the renovation of real estate
Babergh Mid Suffolk.
Refurbishment subsidies and credits are available to owner-occupiers and renters with a remediation accountability to: make improvements or repairs to a property to comply with the standard for decent housing, to reasonably restore exisiting housing, or to eliminate Tier One threats as they have been singled out in the Housing Health and Safety Rating System (HHSRS) established by the Housing Act (2004).
There is a £20,000 limit available, consisting of a subsidy of up to £5,000 and an interest-free loan of up to £15,000. Parking garage holders are only entitled to a subsidy of up to £5,000. £5,000 is non-refundable. Loan elements must be repaid when the property is sold or transferred.
Property in need of the renovation subsidy and loan must be within Council Levy A - E. There will be no more than 5,000 subsidy over a three-year term. For more information on this subsidy, please refer to our Private Sector Housing Team.
I am looking for a loan for the renovation of real estate.
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