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Borough council offer financial help to homeowners and landlords
HOMEOWNERS and landlords in Weymouth and Portland could get financial help to make essential repairs to their homes.
Weymouth and Portland Borough Council has set aside £150,000 as part of a new finance scheme which will cover work such as boiler replacement and roof and structural repairs.
The council is keen to see the funding bring empty homes back into use to assist in addressing the growing housing need within the borough.
It may also include dealing with damp, electrical and plumbing jobs, rotten windows replacement, updating kitchens and bathrooms which are deemed unfit for purpose.
Finance is available from £1,000 up to £15,000 which will be provided by Wessex Home Improvement Loans at a subsidised rate of interest at four per cent (4.2 per cent APR).
The loans will be targeted at those unable to afford commercial loans from High street lenders.
Borough Councillor Ray Nowak, spokesman for housing, said: ““Many homeowners and landlords can find it difficult, especially in the current financial climate, to afford essential repairs to their house.
“The borough council is pleased to be able to offer this subsidised finance scheme, which will really assist those in need in carrying out vital maintenance to their property.”
Andrew Wallace, managing director of Wessex Home Improvement Loans, said: “We have been helping homeowners across the South West since 2003 and are really pleased to have Weymouth and Portland Borough Council on-board.
“People who own their homes which are in need of essential repair can struggle to know who to turn to when things go wrong and it can be reassuring to access financial assistance from their local council.”
The finance can be repaid over a period of up to 15 years.
There are no hidden fees and no early repayment charges.
For more information call Weymouth and Portland Borough Council on 01305 838000 or visit wrcic.org.uk.
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