Home improvement loans 'ideal' for Hampshire residents
A council leader champions the value of home improvement loans to Hampshire homeowners.
The loans, which are interest-free, secured on a homeowner's property and repaid when it is sold, are designed to provide a helping hand with work costing over £5,000.
Spending commenced when the strategy was improved in April 2008 and seven authorities have secured a combined £8 million in funding from the Regional Housing Board.
Sean Woodward, chairman of the Partnership for Urban South Hampshire (PUSH) umbrella group of councils, explained that the home improvement loans have a number of benefits.
"The project focuses on more than just keeping people warm, it also offers interest-free deferred payment loans to improve the safety and accessibility of the homes our residents live in," he told the news provider.
Cllr Woodward, who is also the leader of Fareham Borough Council, added that residents in Fareham and east Hampshire can apply for financial support with the installation of solar panels.
Some homeowners and private tenants who receive benefits may additionally be entitled to a 'Warm Front' grant and a 'Warm Front Top-up' to improve their insulation or heating.
This could prove to be particularly useful to those most vulnerable to the freezing conditions currently gripping the UK, such as children and the elderly.
The seven local councils participating in the PUSH drive are spread across the east Hamphsire, Winchester, Havant and Fareham regions.
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