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Bradford Council considers joining 'empty homes' loan scheme
6:00am Wednesday 11th September 2013 in News
Bradford Council is considering joining a new scheme to help people renovate derelict properties.
The National Empty Homes Loan Fund will offer loans of up to £15,000 to owners of empty properties to help bring them back into affordable use.
Currently, many owners of empty properties struggle to get the loans they need to make them habitable, while thousands of families in Bradford are on social housing waiting lists.
Landlords can apply for a loan of between £5,000 and £15,000 to bring their properties up to a decent standard. They must then let out their homes at an affordable level of rent and cannot sell the property until they have paid the loan back.
The idea is for people to apply for the loans through their local council, and so far, 39 local authorities are on board, including Kirklees.
A spokesman for Bradford Council said its Empty Homes and Loans Team were making enquiries into the scheme. She said they were looking into the details to see how the Council, and the owners of empty properties in Bradford, could become involved and benefit from it.
There are currently 9,731 empty properties in the Bradford district, 5,413 of which have been empty for six months or longer.
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