If your application is successful, you may be offered a grant or a loan depending on your situation.

Loans can be offered as secured or unsecured depending on circumstances and the amount needed.

If a secured loan is offered, it is secured on your home and subject to interest at 1% above base rate. Withers LLP are appointed to carry out the legal work and their costs are added to the loan. Repayments can be made at any time. When a beneficiary is in a position to repay in full, Withers prepare a redemption statement calculating the interest payable.

Interest is charged to protect funds for future applicants.