This is available where large scale works are required to make a property a safe and healthy environment to live in.
A Discretionary Renovation Assistance loan or grant is available to rectify serious disrepair, dampness or to improve electrical and fire standards, provide adequate heating, lighting, ventilation or drainage so that the property can meet the Decent Home Standard.
We can provide up to £25,000, which would most likely be in the form of an interest-free loan, repayable only when the property is sold or transferred. Occasionally, when the applicant's equity in the property is limited or the works required cost less than £1,000, the assistance will be in the form of a grant. Any loan would be subject to a one off administrative fee, currently £230. If the work exceeds the maximum grant or loan payable, the applicant must pay the balance.
Who can apply and what are the criteria?
- You (or the applicant) must be over 18 and have been an owner occupier for three years or more at the date of application.
- The property must have been built before 1960.
You should not assume that you will automatically qualify for assistance, as all applicants including joint property owners will be subject to a financial assessment. This calculates the financial contribution you will be required to make towards the eligible cost of the works required. If the cost of the eligible works is less than your calculated contribution, no assistance will be provided.
How to apply
Please contact Gracelands Complete Maintenance Services Ltd on 020 8502 2250.