Do you have an empty property that requires some work to bring it up to a habitable standard? If so, South Ayrshire Council may be uniquely placed to help.
Through our Empty Homes Loan fund, South Ayrshire Council aims to help owners of empty homes bring their properties back into use. The Empty Homes Loan scheme offers owners of empty properties in South Ayrshire the opportunity to access an interest-free loan of up to £20,000 to assist with the costs of renovation works necessary to bring the property back into use. These funds can be used for a wide-range of repairs and renovations works, including;
Once the works are completed, the loan requires that the property be rented out for the duration of the loan (typically 3 years), either through South Ayrshire Council’s Private Sector Leasing (PSL) scheme or rented independently (usually by a letting agent). The agreed monthly loan repayments would be made from the rental income that results from letting the property. Interest would only accrue where the conditions of the loan are not met.
The Empty Homes Loan scheme offers considerable benefits to owners of empty properties, including;
Kyle McKay Policy Officer 2-6 The Cross Prestwick KA9 1AN
Tel: 01292 473469
Email: kyle.mckay@south-ayrshire.gov.ukemptyhomes@south-ayrshire.gov.uk
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