Hi, we are home owners. I am a fulltime carer and claim carers allowance and my husband is self employed. We are classed as being on low income. We desperately need some major building work done on our home so I was wondering if there were any grants or funding we could possibly apply for to help with this. Thanks in advance.
Hi Marie.
Three links for you to explore :
https://www.moneysavingexpert.com/famil ... ow-income/
MoneySaving Expert
https://www.citizensadvice.org.uk/housi ... rovements/
Citizens Advice Bureau
https://www.turn2us.org.uk/Benefit-guid ... t-Agencies
Turn2Us
Three serious players out there.
( Many more out there ... Internet search ... GRANTS FOR LOW INCOME HOME OWNERS ).
I will assume that the " Normal " route ... through an increased mortgage / second mortgage has been persued without success
.... " Machine say no ! " .... or through one of the price comparison sites when exploring financial avenues ?
Equity release schemes ?
Sure ... plenty out there but ... always watch out for the small print ... I'll post general links as to their nature if needed.
Long shot ?
Private pension around that can pay out prematurely ... perhaps a Bridging Loan against the drawdown ?
STRONGLY RECOMMEND independent fiancial advice IF that option is available ... maybe adverse downsides ... but still an option.
Downsizing ?
Probably not considered ... attachment to existing property / pleasant maor / friends local ... at the end of the day .
that may be the only realistic option left ?