Monmouthshire County Council is able to offer financial assistance to empty property owners through Welsh Government loan initiatives.

Loan amounts from £1000 – £25,000 can be borrowed interest free.

The loan is secured as a legal charge against the empty property, similar to the security required on a mortgage. 

Monmouthshire County Council currently offer two interest free loan products:

1). Owner / Occupiers Loan

Offered to empty property owners with a repayment term depended on the end use of the property, that is,

If the owner intends to occupy the property after refurbishment the term is up to 10 years.

If the owner does not intends to occupy – up to 5 years.

Loans can be paid off in full, before that time, without incurring additional costs.

2). Landlord / Developer Loan

Loans amounts from (£1000 – £25,000 per property up to a maximum of 10 properties – £250K

Offered to developers that purchase empty properties to bring back them back into use. Repayment terms will depend upon the end use of the refurbished property:

If the property is being sold after refurbisment the term is 2 years

If the property is going to be for rental at market rents the term is 5 years.

If the property is going to be for rental at LHA rate the term is 10 years.

Fees are charged for the administration of the loan application, however, they should not exceed the market rate APR for loans of the same value and term of repayment.