97色网 has approximately 500 long term empty properties; the Empty Property Grant is a loan to help owners bring empty properties back in to use.
This is in the form of an interest free loan to cover works which bring the property up to the Decent Homes Standard. An example would be, works to remedy serious disrepair, provide modern kitchen and bathroom facilities, improve heating systems and insulation, and to remove any serious hazards which could affect the well-being of the occupier, such as dampness, dangerous stairs or electrical wiring.
- Max: £35,000 per unit of accommodation (£150,000 per applicant maximum).
- Council holds share of property to be repaid on sale or transfer within 2-5 years.
- For owners of 6 months plus, vacant residential properties to bring up to lettable standard.
| Eligibility Criteria | Conditions | Amount |
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- Applicant has an owners interest
- Applicant must have sufficient equity within their property to cover the loan amount/or offer a different property with sufficient equity for security
- Applicants property must be long term vacant (over 6 months)
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- Property must be tenanted until the loan is released or sold
- On completion of the works, the property must be habitable and of a lettable standard (no )
- Property must be covered by buildings insurance until the loan is repaid
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- Maximum loan of £35,000 subject to eligibility testing and loan assessment
- The Council holds a share of the property value, to the cost of the works
- Loan is repaid on sale or transfer (maximum loan term is 2 years for sale and 5 years for rent)
- Voluntary early repayment may be made at any time
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