You can borrow up to £20,000.00 interest free over a maximum period of 60 months. You may apply for renewable energy installations and/or home repairs or improvements to make your home safer, more secure or more habitable.

Welsh Government fund the home improvement and repairs side of the fund, with works including (but not limited to):

• • • Double glazing
    • Damp problems
    • Disabled access
    • New radiators

Please contact us to find out whether or not the fund will cover the works required at your home.

We will take out a Title Deed Restriction on your property for the duration of the loan. A Title Deed Restriction is an entry on the title deed which prevents you from selling the property, transferring the equity, gifting or getting a new mortgage until the loan funds are repaid.

Yes. You will normally be expected to pay up in full out of the proceedings of any sale.

If you can answer yes to all the questions below, then you may be eligible to apply for a loan:

• • • Is the property you intend to have the installation on situated in Monmouthshire?
    • Are the rates charged on that property paid to Monmouthshire Council?
    • Are you the legal owner or co-owner of that property?

Contact us to request an application pack. You will need to complete an application form, complete an affordability check through our partners at Plend and provide a consumer facing credit report. This will allow us to provide a decision in principle. Assuming your application is approved in principle we will request final documentation such as proof of ID and quotes. This will allow us to make a final decision and issue loan agreement paperwork.

You have a 14 day “cooling off” period after we’ve received your signed loan agreement, just in case you change your mind.

Robert Owen Community Banking is a responsible lender. We will work with you to ensure that any loan you take out is affordable to you.

If you get a loan and your circumstances change, we will look at how we can reschedule your loan to help you. This would be free of charge.

The money that you will be borrowing originates from public funds. Where loans are persistently in default, we will take legal proceedings to ensure that all outstanding monies are returned.