Interest-free loans of up to £25,000 are available to help pay for improvements that will be made to properties that are owner occupied or privately rented. If you’re the owner of an empty property and you wish to occupy the property yourself, you are also eligible to apply.

Properties that have been converted to a number of self-contained units may also be eligible for loans per self-contained unit (up to a maximum of 10 units per applicant in Wrexham town centre and six units per applicant elsewhere in the county borough).

Once the work is completed the property must be either rented out, sold, or occupied by you yourself.

The loan is a secured loan with a charge placed against the property for the lifetime of the loan. A first or second charge will be required with the total amount of loans not exceeding 80% Loan to Value (LTV). Normally the charge is placed on the property being improved, however the charge may be secured against an alternative property if necessary.

Loans are currently subject to an application fee of up to £595, plus Land Registry and Companies House fees as applicable* (no further interest is charged on the loan itself). Confirmation of fees will be provided at time of application. This covers all costs incurred by us in providing the loan, including Legal Fees and Valuation Fees (if required). There are no charges for early repayment of the fees.

If you need to find contactors to do the work we may be able to help with our Houseproud scheme (there is a small charge for the use of this scheme).

The loan is repayable over a period of up to 5 years (to be agreed on application).

You can apply by emailing loans@wrexham.gov.uk.