Grants and loans to help revamp empty homes in South Kesteven

South Kesteven District Council offices in Grantham
South Kesteven District Council offices in Grantham
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Landlords have been offered financial incentives to bring empty homes back into use.

South Kesteven District Council has made grants of up to £5,000 available to help renovate unoccupied houses.

As of November 17,439 properties have been identified as long-term unoccupied in the district.

Loans of up to £15,000 are also available in a joint initiative between the council, charity Empty Homes, the Government and the Ecology Building Society.

Portfolio holder for good housing Terl Bryant (Con) said: “Both options will help owners meet housing needs.

“We know empty properties exist within our district because owners simply do not have the money that is required to bring them back up to a habitable standard and the grants and loans available can help tackle this.”

To qualify for the council’s grant scheme a property must have been empty for a minimum of six months. Owners must agree not to charge rent that exceeds the Local Housing Allowance for at least three years.

Meanwhile the loan scheme will enable access to secured loans at a fixed five per cent interest rate and will enable owners to renovate the property to Decent Homes standard.

Visit www.southkesteven.gov.uk/emptyhomesgrant