Home repairs fund proposals

Councillors are poised to approve a home improvement loans fund of £250,000 to help Aberdeenshire homeowners.

The council’s housing and social work committee will meet on Thursday to discuss proposals for an Equity Loans Policy to allow people to pay for improvements.

Investment of £250,000 has been made to set up the scheme which could see people apply for a loan in return for a share of equity and to be repaid when they sell their home.

The scheme was approved in principle by members of the local authority’s policy and resources committee at a meeting in January.

A report going before Thursday’s meeting says the loans fund is a fair and sustainable approach to providing assistance to help homeowners improve, maintain and repair their homes

The document adds: “It will also encourage homeowners to recognise they have the primary responsibility for repairing and maintaining their homes.”