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Funding to help landlords refurbish empty homes in Lincolnshire

By Barnaby_B  |  Posted: January 08, 2013

Empty homes

Waterloo Housing Group is looking to lease the empty properties from landlords who may not have the time or funds to refurbish them

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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.

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  • Roadscource  |  January 08 2013, 3:35PM

    The rundown properties arent empty, theyre the ones being rented out !

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  • VictorToo  |  January 08 2013, 3:35PM

    So a landlord who has allowed his property to fall into disrepair can have it brought up to standard free of charge, someone will then lease the property out for him, pay him while they do so, and then give it back to him in six years all done up. Sounds like a bargain to me, where do I sign ?

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