Mandatory grants could finish soon
TIME is running out to claim mandatory local authority grants for essential repairs to let dwellings.
Grants for tied cottages and those let under shorthold assured tenancies are currently available under the Housing Act 1995 where a dwelling is unfit for occupation.
"They are for structural work such as leaking roofs, damp-proofing, faulty wiring, unsafe floors or timber treatment – or for providing kitchens, bathrooms, running water and the like," explains Christopher Jerram of Humberts.
This funding, worth up to more than 80% of costs incurred, is likely to be withdrawn in October, when all grants will become discretionary apart from those providing facilities for the disabled. (Changes are not expected to conservation grants for listed properties.)
"Action now can dramatically increase both the rental and capital value of let properties," said Mr Jerram. *