About the loan
We offer short term, low interest loans for properties that have been empty or unused for at least six months.
The loans are to help with repairs, renovation or conversion to bring properties to the decent home standards, and the Cornwall Rental Standard.
Loans are available:
- up to £60,000 are available for single dwellings
- up to £210,000 where a project involves multiple units of accommodation
Properties that may benefit include:
- existing single dwellings
- single dwellings being sub-divided to create more units of accommodation
- non-residential buildings which have achieved planning permission for the
- creation of residential units
- unused spaces in buildings such as above commercial premises
The more units of accommodation refurbished/created the greater the loan amount available.
Loans are secured by way of first or second legal charges on the empty/unused properties, or other properties which have sufficient equity.
Repaying the loan
There are no monthly repayments to make.
Loans are repaid in full on the sale of properties, or within 3 months of the completion of works if owners are retaining ownership.
Our loan information leaflet gives further information.
The policies enabling the recent changes to the loan are below;
Enquiry form
Submit an enquiry to see if you may be eligible for a loan: