Low interest Rate home Improvement Loans

Loan programme for construction measures

Home owners who are older or have a handicap can request a cheap mortgage to finance major repair, improvement and adjustments. Lending of 1,000 to 25,000 is available for those who would otherwise not be able to work. Also we offer assistance and instruction to accompany the improvement from beginning to end.

Your Parity Trust provides the credit and we subsidize it to ensure a low interest rate for the duration of your credit. Work must be seen as vital, such as a leaky rooftop or rewiring to make your home safer. Home-owners must: be able to obtain demand-tested services or not be able to finance the work themselves.

Your credit is protected against your possession. You can repossess your home if you do not maintain repayment of a mortgages or other debt backed against it. The Parity Trust is licensed and regulated by the Financial Conduct Authority for its Regulated Mortgages business, registration number 504445. The Parity Trust is the trade name of Portsmouth Area Regeneration Trust (Guarantee) Limited, No. 3977373.

We can help you if you are a house owner from the age of 60 and would like to make your home better. Currently we offer loans at a low interest rate of 3.5%. Interest is tied to the Bank of England's basic interest rate, so this rate fluctuates, but is always lower than for commercial loans with an upper limit of 7%.

There is no need to make a repayment during your life, although the mortgage and any interest must be paid back if your home is for sale or you (the owner) no longer use it. On request, you can establish a schedule for periodic montly or casual installments and repay the loans at any moment without penalties.

Fees are charged for the documents of the loans and the court fees. Fees are added to the credit and are currently £80.00 for loans up to £50,000.