Wakefield Council and White Rose Credit Union team up with new loans for empty homes scheme

Wakefield town hall, dept leader Denise Jeffery .
Wakefield town hall, dept leader Denise Jeffery .

NEW interest-free loans are on offer to help bring empty homes back into use.

Wakefield Council has teamed up with the White Rose Credit Union to launch three new loans to help owners repair their properties and rent them out or sell them.

The Re-occupation Loan is designed to pay for repairs so properties can be let through the Council’s Responsible Landlord scheme.

The Assistance to Sell Loan will help owners resolve any probate, legal or marketing issues they have to help them sell their property.

And the Tenancy Support Loan bridges the gap between the first housing benefit payment or rent deposit bond for tenants to give landlords the confidence to rent to people on benefits.

Bosses at Wakefield Council said they hoped to cut the number of empty properties in the district and help people move into new homes with the scheme.

Denise Jeffery, the council’s cabinet member for regeneration and economic growth, said: “We are committed to bringing empty homes back into use and these loans are a great opportunity for landlords to get that extra help they need.

“These loans are interest free and offer both landlords and tenants a way forward.

“I urge anyone who is interested to get in touch as soon as possible.”

The new loans are funded through the government’s New Homes Bonus, a grant to help local authorities increase the number of available homes.

The three new loans will be administered through the White Rose Credit Union on behalf of Wakefield Council.

For more information on the loans, call 01924 306665 or e-mail privatesector@wakefield.gov.uk