Home Improvement Loans

Newport City Council can offer two types of interest-free loan to help bring empty homes back into use.

  • Landlord loans 

  • Owner occupier loans

All housing improvement loans are interest-free to enable the repair or improvement of single homes, the renovation of empty properties or the conversion of empty non-residential properties into one or more units of residential accommodation.

The maximum loan per self-contained flat or house is £25,000, up to a maximum £250,000 per borrower.

Loans are subject to the availability of funding.

Landlord loans

Interest free loans to help landlords with properties in the Newport City Council area to bring an empty property back into use or carry out improvements to tenanted homes. 

Loans are available from £1,000 to £25,000 per property, for up to 10 properties.

Maximum loan periods:

  • if you plan to sell the property after the works, the loan must be repaid when the property is sold or in any case within two years
  • if you plan to let the property following the works, or it is already occupied, the loan must be repaid within five years by half-yearly instalments

Download our Safe, Warm and Secure leaflet (pdf)

How to apply

All loans are secured by a legal charge (like a mortgage) on the property. If you already have a mortgage on the property, your first lender will have to agree to a second charge in the name of Newport City Council.

We cannot make a loan where the value, together with any existing mortgage, would come to more than 80% of the property's value before work is carried out.

If we have any doubt about this we will ask you to obtain a valuation report from a RICS registered chartered surveyor

Owner occupier loans

Interest free loans to help eligible homeowners in the Newport City Council area to carry out essential property improvements to make homes safe, warm and secure. 

This loan is available to eligible homeowners who will occupy the property when the work is completed.

Loans are available from £1,000 to £25,000, with a maximum loan period of five years.

How to apply

Apply via the Robert Owen Community Banking Fund

All loans are secured by a legal charge (like a mortgage) on the property. If you already have a mortgage on the property, your first lender will have to agree to a second charge in the name of Newport City Council.

We cannot make a loan where the value, together with any existing mortgage, would come to more than 80% of the property's value before work is carried out.

If we have any doubt about this we will ask you to obtain a valuation report from a RICS registered chartered surveyor

Contact

Email the housing strategy team at housing.strategy@newport.gov.uk for more information.