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Loans Latest News Homeowners offered repair loans
Loans Latest News Homeowners offered repair loans Homeowners offered repair loans
Low-income homeowners in the south-west will soon be able to apply for vital house repair loans.
Bath and North East Somerset (BaNES) council is collaborating with non-profit community finance group Wessex Reinvestment Trust to offer the loans.
The loans can fund work including roofing, electrics, windows and damp-proofing in order for the property to meet the government's decent home standards.
A spokesman told the BBC: "People eligible for these loans include working people, single people, older people, all on a lower income, as well as disabled people on benefit."
The three per cent loans will be offered to couples on a collective income of less than £30,000, who must also be in receipt of Child Tax Credit and Working Tax Credit.
People over the age of 60 on less than £125 a week may also apply, along with people in receipt of Disability Working Allowance, Disability Living Allowance or Attendance Allowance.
Bath and North East Somerset (BaNES) council is collaborating with non-profit community finance group Wessex Reinvestment Trust to offer the loans.
The loans can fund work including roofing, electrics, windows and damp-proofing in order for the property to meet the government's decent home standards.
A spokesman told the BBC: "People eligible for these loans include working people, single people, older people, all on a lower income, as well as disabled people on benefit."
The three per cent loans will be offered to couples on a collective income of less than £30,000, who must also be in receipt of Child Tax Credit and Working Tax Credit.
People over the age of 60 on less than £125 a week may also apply, along with people in receipt of Disability Working Allowance, Disability Living Allowance or Attendance Allowance.
Wednesday, 06 July 2005 16:13
Top 5 Personal Loans
|
Loan |
Representative APR |
Min Loan |
Max Loan |
Min Term |
Max Term |
Apply |
|---|---|---|---|---|---|---|
| View Full Table > | ||||||
 |
6.8%
|
£7,500
|
£14,999
|
1 Year
|
5 Years
|
|
| Representative Example: £7500 borrowed over a period of 5 years at 6.8% (fixed) equals monthly repayments of £148 and a total amount repayable of £8,868. There are no other charges included in the total charge for credit. | ||||||
 |
8.2%
|
£5,000
|
£7,499
|
1 Year
|
7 Years
|
|
| Representative Example: £5000 borrowed over a period of 5 years at 8.2% (fixed) equals monthly repayments of £102 and a total amount repayable of £6,112. There are no other charges included in the total charge for credit. | ||||||
 |
6.1%
|
£7,500
|
£14,999
|
1 Year
|
10 Years
|
|
| Representative Example: £7500 borrowed over a period of 5 years at 6.1% (fixed) equals monthly repayments of £145 and a total amount repayable of £8,721. There are no other charges included in the total charge for credit. | ||||||
|
|
8.1%
|
£15,001
|
£25,000
|
1 Year
|
7 Years
|
|
| Representative Example: £15001 borrowed over a period of 5 years at 8.1% (fixed) equals monthly repayments of £305 and a total amount repayable of £18,293. There are no other charges included in the total charge for credit. | ||||||
|
|
6.1%
|
£7,500
|
£15,000
|
1 Year
|
7 Years
|
|
| Representative Example: £7500 borrowed over a period of 5 years at 6.1% (fixed) equals monthly repayments of £145 and a total amount repayable of £8,721. There are no other charges included in the total charge for credit. | ||||||
