Flexible Home Improvement Loan

help with adapting your home to live independently

What does it do?

The Flexible Home Improvement Loan is for home owners aged 60 or over and can be used:

- for essential repairs to your home, for example upgrading your heating system or
- to invest in a newly refurbished bathroom or
- towards a Disabled Facilities Grant if the total cost is greater than the grant you can claim.

Details of the loan

- is a form of equity release mortgage with a low rate of interest and
- can be repaid at any time by regular monthly payments, occasional payments or no payments at all
- can be paid off at any time without penalty
- must be repaid if the home is sold or if the owners cease to occupy it

For more information please:

- See the Flexible Home Improvement Loan leaflet
- Call 01993 861000
- Visit the Flexible Home Improvement Loan Ltd website http://www.fhil.org/

Who it is for?

for home owners aged 60 or over

Where it is available?

Local service (West Oxfordshire).

What it costs:

The fees for the loan

The fees below can be added to the loan:

- £80 documentation and registration fee for loans from £1,000 up to £100,000
- £15 annual charge for administration and statements
- Possible charge from your mortgage provider to give us information
- Possible charges if you decide to use a solicitor  
- £50 fee to cancel the registered charge when the loan is paid off.

How to access or apply for it:

See contact details above

Useful Download(s):


Info last updated:

Elmfield, New Yatt Road, Witney, Oxfordshire, OX28 1NB