Home Trust Loan

What is the Home Trust Loan?

The Home Trust Loan is a unique, low cost, home improvement service and lending scheme offered in partnership between Parity Trust and Chichester District Council.

There are three borrowing options tailored to suit your circumstances.

Whichever one you choose, you can be assured of: 

• a low interest rate of 5.49% (5.63% APR);
• a fixed rate of interest, guaranteed for the full term of the loan; and,
• the option to make overpayments or settle the loan in full without penalty.

What's more, the scheme provides you with all the support and guidance you need to see the home improvement process through from start to finish. We offer:

• the support of a dedicated Home Trust Loan Officer, who is able to visit you in your home;
• advice on how to choose a reputable contractor; and,
• once the work is finished, a final inspection can be arranged to ensure the works have been completed to a satisfactory standard.

Who is the Home Trust Loan For?

We have specifically designed this loan for home owners whose properties need repairs or maintenance, but who do not have the funds available to carry out the work or who are finding it difficult to access the financial assistance.

What can the loan be used for?

The Home Trust Loan is available for those who need improvement works to be carried out to their properties, for example if:

• you have a leaking roof;
• your boiler has broken;
• your front door needs replacing;
• your windows are draughty; or,
• you don't have adequate heating and need a central heating system installed.

These are all prime examples of purposes for which a Home Trust Loan may be used. The eligibility criteria relating to appropriate work can vary, so please contact Parity Trust for more information.

How to apply?

Contact the Environmental Housing Team and an officer will visit your house to inspect the works that need carrying out. If the officer agrees the works are necessary and that the Home Trust Loan is potentially your best source of finance, a Home Trust Loan Officer will contact you to arrange a home visit. They will conduct a full financial review with you and provide information about the Home Trust Loan options available to you.