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Loan Scheme - The Facts
No Use Empty Initiative Loan Scheme
The following local council’s participate in the above scheme:
Dartford, Dover, Shepway, Sevenoaks, Shepway, Thanet, Tonbridge and Malling, Tunbridge Wells
The following local council’s participate in the above scheme:
Dartford, Dover, Shepway, Sevenoaks, Shepway, Thanet, Tonbridge and Malling, Tunbridge Wells
- The property must have been empty for more than 6 months
- Loans are interest free subject to conditions
- Loans will help landlords, owners and developers to meet the cost of repairs and improvements to bring their property back into use
- Loans are awarded in units of £25,000 to a maximum of £175,000 per applicant (with exception of Tonbridge&Malling which has a maximum of £50,000 per applicant)
- Loans to let - repayment period currently up 31st March 2014 for loans administered in 2011
- Loans to sell - repayment period is on the sale of the first unit or within 24 months of the loan being approved
- Property must be brought back into use and occupied by 31 March 2014
- The loan will be made available as a 100% upfront payment (Larger loans are normally awarded on a phased basis)
- The loan scheme will help create new, quality and sustainable accommodation across Kent
PLEASE NOTE THAT ALL LOANS ARE ADMINSITERED ON A FIRST- COME
FIRST SERVED BASIS AND SUBJECT TO FUNDING REMAINING AVAILABLE
FIRST SERVED BASIS AND SUBJECT TO FUNDING REMAINING AVAILABLE
