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Owners of empty properties

Houses that are left empty are a wasted resource as there are many people looking for somewhere to live. There are a number of support options for owners to bring their empty properties back into use.

Interest free loans from the council to help renovate empty properties 

Landlord Loans

An owner of an empty property can borrow up to £25,000 per dwelling, which is interest free. Twenty five percent of the loan is required to be repaid on the three year mark (ie three years after the loan has been agreed) and the remaining monies repaid at the end of the loan term (which can be up to five years after the loan has been agreed). The fee for this loan is £1,000, which is able to be added to the loan amount. This loan is only available to properties, which have been empty for six months or more.

The loan to value ratio cannot exceed 80%.

Owner Occupier Loans

This loan is available to empty property owners where they intend to live at the property themselves for the duration of the loan. An owner can borrow up to £25,000 per dwelling, which is interest free. The loan is repayable in monthly instalments and the maximum loan term will be up to 10 years as long as the loan is repaid in full prior to the scheme ending in 2029. The fee for this loan is £500, which can be added to the loan amount.

Loan to value ratio cannot exceed 80%

Further information on these schemes is available on the Housing grants and loans page of this website.

 

VAT discounts

If your property has been empty for longer than 2 years then you may be eligible to pay VAT at a reduced rate of 5% rather than the normal 20%.

Click on the download below to find out more about this scheme or contact Sally Jones (Technical Officer) on 01792 635600 sally.jones3@swansea.gov.uk

Enforcement Action

Where properties are left vacant they can sometimes cause problems as their condition deteriorates. We can deal with a build-up of refuse, properties left open to unauthorised access and conditions damaging to neighbouring properties.

Frequently asked questions about empty properties

Find out answers to the most common questions we get asked about empty properties.

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