The Home Improvement Trust can offer an equity release scheme to help homeowners repair, improve or adapt their homes so they can continue to enjoy living there safely, independently and with a guarantee of no repossession. Call the freephone hotline to discuss your requirements.
Eligibility
The Houseproud scheme is only available to:
- homeowners over 60 years old or
- homeowners living with a disabled person of any age.
Details
The prospect of having building work done can be daunting even without the dangers of cowboy builders and concern over how to pay for the work. Houseproud offers a safe, easy way to get essential jobs done professionally with the minimum of fuss.
A variety of loans are available which are tailored to the needs of older and disabled people. Houseproud guarantee that your home will not be repossessed - no matter what happens.
The loans can be used for a variety of purposes, including a new bathroom, electrical rewiring, central heating, a new roof, replacement windows and doors, new guttering, plumbing, a refitted kitchen, better home security, adaptations if you have a disabled person in the home and improving your home’s energy efficiency.
Costs
Your income and the value of your home are taken into consideration when deciding how much you can borrow. Usually this ranges from £3,000 up to 30% of the current value of your property.
The mortgage interest rate will vary over time. The formal offer will confirm the actual rate applicable when you take out the advance. You will be notified when the interest rate varies.
There are costs to cover valuation, legal and administration fees. Houseproud has specially negotiated these fees to make them affordable. You will be informed of these fees before you decide to go ahead with the loan and they can be included in the loan so you do not have to use any savings.
Contacts
Houseproud hotline: 0800 783 7569
Environmental Health & Trading Standards
Telephone: 020 8313 4222
Fax: 020 8313 4450
e-mail: housing.grants@bromley.gov.uk
Address:
Environmental Health & Trading Standards, Civic Centre, Stockwell Close, Bromley, BR1 3UH.