Enquire about a home improvement loan
All housing improvement loans are interest-free for:
- renovation of occupied properties
- renovation of empty properties
- conversion of empty non-residential properties into one or more units of residential accommodation
The maximum loan for an individual flat or house is £35,000.
Loans are subject to the availability of funding.
Landlord loans
Landlords can apply for interest free loans to help with:
- properties in the Newport City Council area
- bring an empty property back into use
- carry out improvements to tenanted homes
Loans are available from £1,000 to £35,000 per property, a maximum £250,000 per borrower applying for multiple properties.
If you plan to sell the property after the works, the loan must be repaid when the property is sold or within two years.
If you plan to let the property following the works, or it is already occupied, the loan must be repaid within five years by six-month instalments.
The loan value with any existing mortgage cannot come to more than 80% of the property's value before work is carried out.
We can ask you to obtain a valuation report from a RICS registered chartered surveyor.
Owner occupier loans
Homeowners can apply for interest free loans, to help eligible residents carry out essential property improvements to make homes safe, warm and secure.
This loan is available to eligible homeowners who will occupy the property when the work is completed.
Loans are available from £1,000 to £35,000, with a maximum loan period of five years.
The loan value with any existing mortgage cannot come to more than 80% of the property's value before work is carried out.
We can ask you to obtain a valuation report from a RICS registered chartered surveyor.