First Loan Approved
The first successful applicant from Trinity Square, Margate has taken the opportunity to renovate an empty property into a home with the assistance from the new Thanet Owner Occupier loan scheme.
This loan scheme providing home-owners with the financial means to restore or renovate former empty buildings back to their former glory is a great way of breathing new life into the area and is a key part of the Thanet council’s commitment to the wider regeneration of the district.
By providing loans to owner occupiers to aid refurbishment works, helps to create new homes to help meet rising demand. The interest free loans offered to home-owners needs to be paid back over five to ten year period and requires the successful applicants to live within the newly renovated property for a minimum period of five years.
The scheme, administered in partnership with Kent County Council’s ‘No Use Empty’ initiative, will operate across the wards of the Housing Intervention area covering Cliftonville West and Margate Central.