Liverpool City Council - Home Improvement (Houseproud) Loans

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Home Improvement (Houseproud) Loans

Front cover of the Houseproud leaflet, which you can download from the Houseproud website or ask for a copy from us
If you are a homeowner aged 60 or over, or a homeowner of any age who is disabled or has a disabled person living with them, Houseproud can help with repairs, improvements or adaptations to your home to help you live in your home safely and more independently.

Houseproud provides access to loans that are both affordable and risk-free, which are specially designed to meet the needs of older people and disabled people.

With Houseproud a part of the value of your home, it can be turned into a loan to meet the cost of the work.  Your individual circumstances are taken into account when assessing the different types of loan available to you.  In some cases it isn't even necessary to pay it back during your own lifetime.  Instead, the amount you borrow, plus interest, is taken from the value of your house when it is eventually sold.

When you wish to use this scheme, you will be allocated your own Houseproud Case Officer.  They will discuss with you what improvements, repairs or adaptations are required.  They will also check if your are eligible for help under this or any other scheme, and work out how much and how you will need to pay.

There are three types of loan product available.  These are similar to the Home Improvement (Equity) Loans in that Houseproud allows owner occupiers to release equity in their homes to carry out the necessary or preferred repairs or improvements to their property:-

  • Capital release loan 

    Owner occupiers do not need to make regular payments with this loan.  The loan only needs repaying when the home is no longer the main home and is sold.  When the property is sold, the bank or building society will take the original amount of the loan, plus all interest that has accumulated, from the proceeds of the sale.  This option is usually only available to single people and couples who are 60 or older.

  • Interest only loan

    Only the interest on the loan is payable each month.  The home owner continues to pay interest until the property is sold.  The proceeds from the sale plus any outstanding interest are payable when the property is sold.  This option is available to single people or couples who are 60 or over or households with a disabled person of any age.

  • Capital and interest repayment loan 

    This is a straightforward mortgage.  The home owner makes monthly repayments to cover both the interest and part of the original amount borrowed.  This option is available to single people or couples aged 60 or over or households with a disabled person of any age.           

To receive a Houseproud booklet, please contact Leanne Reilly on 0151 233 6388 or email leanne.reilly@liverpool.gov.uk 

You can also download a copy of the leaflet from the Houseproud website. 

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