With this loan, owner-occupiers can fund repairs/improvements to their home. The loan is repaid to the Council when the property is sold. Alternatively, the loan can be repaid at any time in one lump sum.

Renovation loans are intended for properties presenting a risk to health and safety. The work must cost more than £6,000 and no more than £30,000. The borrower should not reasonably be able to access a commercial loan to raise some or all of the money needed.

Availability is also subject to mortgage and secured loans on the property. Applicants are required to take advice from an Independent Financial Advisor.

To make an enquiry about a renovation loan, email [email protected]