ARE YOU ELIGIBLE FOR A HOME APPRECIATION LOAN TO FIX YOUR FAULTY ELECTRICS?

£2,000 to £30,000 from your local council!

Homes and Loans is a service set up and run by all the councils in Yorkshire and the Humber. They are run on a non-commercial basis, offering affordable loans for people with a limited income.

The service was launched in 2005 with the aim of reducing the number of vulnerable households and families with children living in non-decent homes.

They believe that everyone has the right to a decent home & aim to offer a range of services to help homeowners achieve this.

A decent home is one which is:-

• Safe and fit to live in
  
• Comfortably warm
  
• Weatherproof
  
• Has reasonably modern kitchen & bathroom facilities

They know that many home owners cannot afford to keep their home in good repair or carry out adaptation work and if this is you, then we are here to help.

The service provided by Homes & Loans is delivered through your Local Authority with a single point of contact who will work with you to provide a service that will offer you;

• practical advice on repairs, improvements and adaptations
  
• peace of mind because any work is carried out under the auspices of your Local Authority
  
• the chance to improve your home to a decent standard with a loan that has no monthly repayments
  
  

They are currently able to offer this assistance in the form of a Home Appreciation Loan. The Home Appreciation Loan is not a grant. It’s an equity release loan but with no monthly payments to make.

You only have to repay the loan when you no longer own your home, for example if you sell it.

It allows you to carry out work to repair or improve your home without having to make regular repayments like a normal loan would do.

When it comes to repaying your loan, the amount you’ll repay is based on how much your property has changed in value when you sell it, or no longer own it.

There is no set repayment term.

For more information visit the Homes and Loans Website or select from your Local Authority from the map or council logos below:

Legal Notice: Hallmark Electrics is not a provider of loans/ grants/ funding or credit products and provides this page merely as information and direction (in the form of web link) to your local council websites. Any financial arrangements are made between yourselves and you local authority under their specific guidelines, eligibility and lending criteria. Hallmark Electrics accepts no liability or responsibility in relation to any financial agreement entered into with your local Authority. The loan values stated above are for demonstartion puroses only and are directly referenced from the Homes and Loans website. If in doubt, take advice from an Independent Financial Advisor.