Loan Conditions

There are a number of conditions associated with the loan. These include:

• The loan is repayable over 5 years if it is made available to rent
• The loan is repayable over 2 years if it is made available to sell
• A one-off administration fee will apply that may be paid over the term of the loan or paid up front.
• There is an 80% loan to value (LTV) ratio where any loan offered, taking into consideration any existing mortgage or secured loan cannot exceed 80% of the current market value of property offered as security. Examples of this can be provided on request.

All loans are subject to availability. Any offer of a loan is not guaranteed until you have received formal approval from the council.  Any works undertaken prior to this approval will be at your own risk.