Fareham Council is committed to help improve living conditions for those in private sector housing, ensuring that properties are safe and secure. Many owner-occupiers who are in receipt of an income-related benefit have difficulties accessing the necessary finances to undertake necessary improvements in their homes even though there is substantial 'equity' in the property. The Home Improvement Loan offered by the Council is intended to provide funding to undertake the works, with repayment of the interest free loan being deferred until the sale of the dwelling. The equity in the property is then used to repay the loan together with a small administrative charge.
Subject to the financial resources of the applicant and the availability of funds, Fareham Council will consider providing an interest free Home Improvement Loan to help vulnerable home owners who are considered to be at risk and who cannot afford to finance essential repairs. The loan is made available to meet the cost of remedying disrepair, eliminating serious hazards, installing modern facilities or an efficient heating system.
The Home improvement loans leaflet (356 KB) features more information about the scheme.