This loan scheme has been designed to provide finance to First Time Buyers.

Among the most affordable houses for sale are often those needing significant renovation and Local Authorities, in partnership with Wessex Home Improvement Loans, can provide the finance needed to repair the home you are hoping to buy, or to provide finance to assist with the deposit towards the purchase of your new home.

Contact the Housing Department of your Council if you would like to apply for a First Time Buyer Loan and request that a referral to WHIL is made. Once the cost of the works have been identified and you have confirmed that you would like to be visited by a WHIL Home Loans Adviser, you will be contacted and a visit arranged to complete a financial assessment to ensure that the repayments are affordable and help you to complete the application form.

All loans are secured by using either an equitable mortgage or an equitable charge on the property. It is also registered at the Land Registry, meaning the property cannot be sold or change ownership without the Wessex loan being re-paid. It is therefore important that you do not commit yourself to a loan which you cannot afford, as your home could be at risk. However, this would be a last resort and we would always try to find ways of resolving any repayment problems before considering any action.

Home Improvement | Disability Facility | Landlords / Empty Homes | Loft Conversion | Renewable Energy | 1st Time Buyers | Capital Appreciation | Park Home

IMPORTANT: YOUR HOUSE MAY BE REPOSSESSED IF YOU DO NOT KEEP UP
REPAYMENTS OF YOUR MORTGAGE OR LOAN SECURED UPON IT.

PLEASE NOTE: Further details of these schemes are available on request from your Local Council.
Depending on Local Authority Policy, not all Loan Schemes may be available in your area.