Empty homes fund set to offer loans
A NEW scheme aimed at bringing some of England’s 710,000 empty homes back into use was launched this week.
In a joint initiative between the Empty Homes charity, Yorkshirebased Ecology Building Society, Government and local authorities, it will provide loans of up to £15,000 to owners of empty homes to help bring them back into affordable use. The fund was one of the demands of last year’s Great British Property Scandal campaign led by architect and broadcaster George Clarke.
The National Empty Homes Loan Fund offers secured loans at a fixed five per cent interest rate, and will enable owners to renovate the property to Decent Homes standard ready for let www.emptyhomes.com