Tired of your old kitchen? Dreaming of new windows? Boiler on the blink? If you’re a homeowner living in Preston and pay your Council Tax bill to Preston City Council, and you can’t obtain a loan from your mortgage lender, bank or building society, Lancashire Community Finance may be able to help. There is no upward age limit to access this product, if you are retired, your pension is classed as income in the same way as a salary.
Our affordable Home Improvement Loan is available to help you repair an unexpected breakdown or structurally improve your property in many ways, for example:
- Central heating
- Windows and doors
What it will cost
Our Home Improvement Loans are available with a typical interest rate of 9.9% APR, the amount you can borrow and the repayment terms depend on how much you can afford to repay after paying for your usual living costs. You can repay weekly or monthly by direct debit from your bank account. There are no hidden fees. We don’t charge for arranging the loan and there are no penalties if you want to repay the loan earlier than originally planned.
We work closely with Preston City Council to deliver this subsidised interest rate to ensure that individuals are able to improve their property and remain in their homes.