17
December
2013
|
00:00
Europe/London

Council offers more help to vulnerable home owners


Leeds City Council is offering more help to vulnerable home owners who need urgent work to make their homes warm and weather tight.



The loan offers vulnerable residents the chance to remove hazards, and ensure properties are wind and weather tight and in a good state of repair. Works could include new central heating, new electrics, roofs and windows.



The council already offer loans up to £12,000, but this has now been reviewed and the council will be now be offering loans in the form of equity release up to £15,000. This should allow for the majority of cases to have all necessary works completed.



Councillor Peter Gruen, Leeds City Council executive board member with responsibility for neighbourhoods, planning and support services said:



“It is really important that we support our vulnerable residents in the city.



“In recent months we have seen a number of examples where homeowners have not been able to have all the works required undertaken on their properties. The maximum loan of £12k meant omitting some key works which could have been addressed with a higher loan and offer a far more effective solution.



“We hope that this will allow people to access a loan that will better meet their needs and the needs of securing their homes.”





Notes to editors:





Home improvement assistance provides financial help to vulnerable owner/occupiers in the form of equity release loans. Leeds City Council has offered loans to vulnerable owners since 2003/4.



On the 22nd June 2012 the Leeds City Council's executive board agreed to continue to provide equity release loans to vulnerable owners or occupiers, after the Government removed the private sector renewal grant under the spending review in 2011. As part of the approval individual loans for properties were limited to £12,000, inclusive of fees.





Ends



For media enquiries, please contact;

Cat Milburn, Leeds City Council press office (0113) 247 4450

Email: Catherine.milburn@leeds.gov.uk