Lifetime loans

These are lump sum loans available to support homeowners who fail the criteria for Owner Occupier Loans.

Who can apply?

The loans may be available to homeowners in the Caerphilly county borough who have failed the criteria for Owner Occupier Loans but are not eligible for other financial assistance schemes. 

The loans will be given for improvements to make homes safe, warm and secure and to address hazards identified within the housing health and safety rating system.

How much could I borrow?

Loans are available up to £25,000. 

A Lifetime Loan is a lump sum loan where any interest that may be payable is rolled up over the full term.  The loan is then repayable upon sale or disposal of the property.

How to apply

You can not apply directly for a Lifetime Loan as they are only available for those persons who do not meet the criteria for Owner Occupier Loans. However you can apply for the Owner Occupier Loan and, should you not qualify, you could then be referred to the Lifetime Loan scheme.

Alternatively you can contact Private Sector Housing.