Empty Properties Loans
Interest free loans of up to £25,000 are available to enable properties that have been empty for six months or more to be brought back into residential use.
Properties that have been converted to a number of self-contained units may be eligible for loans per self-contained unit – up to a maximum of 6 units per applicant.
These loans have been developed in partnership with the Welsh Government and are funded via the 'Vibrant and Viable Places' and 'Houses Into Homes' schemes.
The loan is a secured loan with a charge placed against the property for the lifetime of the loan. A first or second charge will be required with the total amount of loans not exceeding 80% Loan to Value (LTV). Normally the charge will be placed on the property which is being improved, however the charge may be secured against an alternative property if necessary.
Upon completion of the works, the property must be rented out or sold.
Other eligibility criteria may apply – please contact to discuss further
Loans are subject to an application fee s as set out below. In addition, applicants will also be subject to one off Land Registry registration fees of £70 and Companies House registration fees of £70 (if property owned by a company). If a valuation report is required, applicants will also be expected to arrange and pay for this work. There are no charges for early repayment of the fees.
- Loans up to £50,000 - £295
- Loans of £50,001 - £100,000 - £395
- Loans of £100,001 - £150,000 - £495
Fees may be subject to review – please contact to discuss further
Wrexham County Borough Council also provides assistance to find contactors to undertake works if you require via our 'Houseproud' scheme. There may be a small additional charge for undertaking this work – please contact to discuss further.
Loans are repayable over up to 2 years if the property is to be sold and 3 years if the property is to be rented out.
How do I apply?
Loans are available by contacting the Private Sector Improvement Officer on 01978 315 587 or firstname.lastname@example.org, or in writing to Strategic Housing Services, Wrexham County Borough Council, Ruthin Road, Wrexham, LL13 7TU.