Funding to help landlords refurbish empty homes in Lincolnshire
Landlords with rundown empty properties in Lincolnshire towns are being invited to take part in a new scheme which aims to bring them back into use.
In partnership with East Lindsey District Council, the Waterloo Housing Group is looking to lease the empty properties from landlords who may not have the time or funds to refurbish them.
The scheme is being delivered with funds from the Homes and Communities Agency and has enough funding to initially refurbish around 10 homes.
Waterloo Housing would refurbish the property to an agreed standard, insure it, maintain it and lease it to a tenant.
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The owner would receive a regular and agreed rental income from Waterloo Housing for up to six years, at which point the property would be handed back to the owner in an improved condition.
For a two-bedroom property that would otherwise be empty, a landlord could receive up to £17,000 over five years.
East Lindsey district councillor William Gray said: “Housing is a real issue in East Lindsey, with more than 5,000 people on the waiting list. This scheme provides a small number of landlords with an opportunity to improve their empty properties as well as earn a rental income.”
Landlords who would like to put forward their property will need to download an application form from the council's website or contact Helen Wright on 01507 613148.
Each scheme will be considered by the council and Waterloo Housing in line with an agreed criteria.