Wednesday, 3 July 2013

Houses for £1 and a Loan to Do Them Up

During the past few months the city councils in Stoke-on-Trent and Liverpool have been inundated with applications after launching projects allowing people to buy a derelict home for just £1 upfront.  Now the charity Empty Homes is offering a variation on this theme: a 25% stake in an empty house for £1. Ten two-bedroom terraced houses located in Stoke-on-Trent are up for grabs, and you don't need to be a resident of the city to apply – it is open to anyone in the UK who doesn't already own a property and meets the criteria.

We can probably expect to see more of these schemes being launched after communities minister Don Foster, who has visited the Stoke-on-Trent projects, announced a £91m government cash injection to bring back into use more than 6,000 empty and derelict homes and commercial premises across England. Read more on the Guardian website.

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