Flexible Home Improvement Loans

The Royal Borough launched a Flexible Home Improvement Loan scheme in September 2008, aimed at helping householders aged 60 years or over to carry out improvements or repairs to make their homes safer, warmer, healthier, or more comfortable. Loan offers we have made to date have included funding to provide new kitchens, bathrooms, re-roofing, replacement boilers, complete central heating systems, double glazing and even solar panels.

The scheme has proved to be very popular and we have received many favourable comments from borrowers and the families of borrowers.

Interest is charged at a low interest rate linked to Bank of England rate and we will provide detailed quotations on request. Borrowers are able to make regular repayments, occasional repayments, or no payments at all during the life of the mortgage. Furthermore, borrowers are free to vary the arrangement at any time and, if they wish, pay off the loan without penalty. However, the loan plus any outstanding interest must be repaid if the property is sold, or if the owners cease to occupy it. As loans are repaid, the money will be recycled as further loans.

Call 01628 683820 and mention Flexible Home Improvement Loans if you would like more information.

How do you rate this information/service?