Monmouthshire County Council is able to offer financial assistance to property owners through Welsh Government loan initiatives.

Loan amounts from £5000 – £25,000 can be borrowed interest free.

The loan is secured as a legal charge against the empty property, similar to the security required on a mortgage.

Monmouthshire County Council currently offer three interest free loan products:

1). Owner / Occupiers Loan

Offered to property owners with a repayment term depended on the end use of the property, that is,

If the owner intends to occupy the property after refurbishment the term is up to 9 years.

If the owner does not intends to occupy – up to 5 years.

Loans can be paid off in full, before that time, without incurring additional costs.

2). Landlord / Developer Loan

Loans amounts from (£5000 – £25,000 per property up to a maximum of 10 properties – £250K

Offered to developers that purchase empty properties to bring back them back into use. Repayment terms will depend upon the end use of the refurbished property:

If the property is being sold after refurbishment the term is 2 years

If the property is going to be for rental at market rents the term is 5 years.

If the property is going to be for rental at LHA rates and the Council has nomination rights the term is 9 years.

3) Property Appreciation Loans (PAL’s)

Loan amounts available from £5,000 to £25,000 available to those applicants considered ‘at risk’ or vulnerable to the cold.

Fees are charged for the administration of the loan application. Please refer to the Guidance documents of the loan product you are interested in for the applicable fee.


Steve Griffiths

Strategy & Policy Officer / Housing & Communities               

Telephone: 01633 644455

Mobile: 07785778028

Email /