Coun­cil to of­fer home loans to the over-60s

Buckinghamshire Advertiser - - COMMUNITY -

HOME­OWN­ERS over 60 years of age who need to make their prop­er­ties warmer and safer could be el­i­gi­ble for a flex­i­ble home loan from Chiltern Dis­trict Coun­cil.

The Flex­i­ble Home Im­prove­ments Loan is not means tested, but ap­pli­cants need to have suf­fi­cient eq­uity in their prop­erty as the loan is se­cured by a le­gal charge, much like a mort­gage.

Re­pay­ment is flex­i­ble, so home­own­ers may make reg­u­lar monthly pay­ments, oc­ca­sional pay­ments or no pay­ments. The full loan, plus in­ter­est, is re­paid when the prop­erty is sold or when the own­ers cease to live there. Im­prove­ments and re­pairs which will be con­sid­ered un­der the scheme in­clude re-roof­ing, re-wiring, in­stalling dou­ble glaz­ing, new cen­tral heat­ing boiler, re­new­ing gut­ters, in­stalling walk-in showers, stair­lift or bur­glar alarm.

Con­tact Dawn Howse on 01494 732 016 or dhowse@ chiltern.gov.uk.

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