HEEPS (Home Energy Efficiency Program) Equity Loan Scheme is a Scottish Government pilot scheme to give homeowners and landlords with properties in the Argyll and Bute, Glasgow City and Perth and Kinross local authority areas access to funding to make improvements to the energy efficiency of the property and make repairs to the fabric of the building.
Working with the Energy Saving Trust (EST), Caledonia Housing Association are delighted to be delivering this Scottish Government Pilot Project initiative, in Perth & Kinross, Stirling & Dundee districts.
The aim of the HEEPS Initiative is to give homeowners and Landlords with properties in Perth and Kinross and other parts of Scotland access to funds to improve the energy efficiency of their property and repair the fabric of the building.
Funding will be in the form of an equity loan and will allow homeowners to borrow against the value of their home. Advisors will be on hand to support the applicants through the process.
Who can apply?
o Owner Occupiers of a property in council tax band A – C
o Owner Occupiers in receipt of certain qualifying benefits may also be eligible
o Landlords with properties for rent that are in council tax bands A to C with no more than 2 properties to rent
Examples of work that could be carried out:
o Insulation or heating measures
o Damp reduction and heat loss
o Other repairs could include things like fixing chimney stacks, major roofing repairs, replacing windows and doors but would not cover purely cosmetic works such as kitchens or bathrooms.
There are no monthly repayments even though the loan is secured against the owner’s home. The loan will generally only be repaid when the property is sold or upon the death of the last applicant. The maximum loan is £40,000 and the homeowner must retain a minimum of 30% in the property. All successful loans will be subject to an administration fee.
There is potential for the scheme to run until March 2019.
If you are a home owner in the Perth & Kinross, Stirling or Dundee area and interested in finding out what HEEPS could do for you please call 08006781228 or email firstname.lastname@example.org
The other pilot initiatives in Scotland for HEEPS Equity Loans are being provided by SouthSide Housing Association and Argyll and Bute Care and Repair Service.