Over £1 million has now been provided to improve the homes of borough residents as part of a low-cost secured loan scheme to help them carry out repairs and improvements to their homes.
The £1 million landmark has been reached by the Home Improvement Loan scheme, a unique, low cost, home improvement service and lending scheme offered by the Council in partnership with Parity Trust - a not for profit organisation.
The subsidised scheme, is specifically designed for home owners who require financial help in order to carry out essential repairs, maintenance works or adaptations to their properties including: double glazing, roof repairs, bathroom adaptations, boiler replacements and radiator and/or heating repairs together with eco-loans for renewable technologies.
Some of the key benefits of the Parity Trust scheme include; fixed interest rate for the entire term of the loan, flexible repayment options, no penalties to settle a loan early, low arrangement fee and support with contractors.
Cabinet Lead for Social Policy Cllr Paul Bicknell said, “I’m delighted that so many local residents have been able to benefit from this great scheme. These secured loans provide flexible, and affordable solutions, even if people are on a low-incomes, to enable local people make improvements or adaptations to their homes and to feel safe, secure and happy in their homes again.”
Nick Webb, Mortgage Operations Manager at Parity Trust said, “We are delighted to have been working in partnership with Eastleigh Borough Council and we look forward to assisting many more residents in the future with our range of innovative loan products.”
Find out more details and how you could benefit from the Parity Trust loan scheme