Ethical lender provides £1.5m in home improvement loans

Not-for-profit organisation, Parity Trust, have provided over £1.5million to home owners who have needed financial assistance to repair and modify their homes since the Home Trust Loan scheme began in 2005.

Working in partnership with 16 Local Authorities across the south coast, the Home Trust Loan provides home owners with low interest, fixed rate loans that enables them to carry out essential repairs and adaptations to their properties. The scheme began offering assistance within Portsmouth, Chichester, Gosport, Eastleigh and the Brighton & Hove area and now covers most of Hampshire, Surrey and Sussex.

The loans have been used to repair boilers, fit double glazing, fix roofs and install solar panels. They have also been used by landlords to convert buildings ready to be let as private and social housing.

Chief Executive of Parity Trust, Simon Frost has said: “As the Home Trust Loan is a safe and inexpensive source of finance we are seeing a steady increase in lending by our Home Trust Loan service.”

He went on to say that Parity Trust’s clients are increasingly recognising the value that the company offers, which includes a service that is tailored to their needs and rates at around 5.5%, which is great value in the current market.

“No doubt 2012 will provide further challenges to consumers given the current difficult economic climate, but at Parity Trust, we are committed to delivering financial assistance to the people who need it most,” said Simon, who added that thanks to the financial review which is carried out after an initial enquiry and the tailored repayment options available on the Home Trust Loan, there have been no missed payments by any of their clients.

For further information about the Home Trust Loan scheme, visit www.hometrustloan.org.uk

Posted by on Nov 23rd, 2011 and filed under Business and Retail, Property. You can follow any responses to this entry through the RSS 2.0. You can leave a response by filling following comment form or trackback to this entry from your site

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