With the recent wet and windy weather, the council are taking the opportunity to remind homeowners about their loan scheme to replace draughty, inefficient windows.
The scheme has been developed to ensure homeowners enjoy warm, safe and dry homes which is even more
important in the winter.
A local homeowner said: “The house is now warmer and knowing that I could get help from my local authority made me feel much more secure”.
A loan funded by the council can help spread the cost of new windows but enable you to enjoy the benefits right away. You are able to choose your own contractor and there are a variety of loan products available to suit individual needs and means.
Wessex Resolutions CIC is the not for profit Responsible Finance provider working in close partnership with the council. The partnership has been running for over ten years across the South West. Through providing loans, the council are ensuring that funds for homeowners are sustainable which means that every repayment goes back into the council pot to lend to homeowners into the future.
Loans have a fixed interest rate and typical 4.2% APR and are subject to status. Missing future payments could affect your credit rating and ability to obtain credit in the future. Wessex Resolutions CIC may insist on loans being protected at the Land Registry by a Title Restriction.
Across the South West, 30% of all private sector housing stock is classed as non-decent. This means that something in the home is not up to standard and undoubtedly, the homeowner’s health and wellbeing is impacted as a result. Recent research highlights that privately owned housing in the South West is in a poorer state than England as a whole.
Local governments were encouraged by central government to create innovative schemes to move away from grant funding.