Private Sector Housing Assistance Policy

Appendix 3

Discretionary Norfolk and Waveney Equity Loan Scheme
Purpose of assistance	This discretionary loan can be used in situations where relocation could be a more suitable solution for some applicants in preference to repair or adaptation of their existing dwelling or to fund works required to free their home of serious hazards, which would affect the health and safety of the occupants.
Maximum loan	Subject to funds being available, loans up to a maximum of £50,000 is possible with the advance being no more than 35% of the free equity in the property and secured on the property. This means the loan is secured on the property and no scheduled repayments are due.
Repayment of loan	Repayment of the full amount of the loan is required: on sale or transfer of ownership of the property if the property ceases to be the applicant's principal residence if the property remains vacant for more than six months The value of the loan will increase in line with the value of the property. The loan amount will never decrease below the original sum.
Eligible persons	The scheme is open to owner occupiers residing in Norfolk or the Borough of Waveney and who are in receipt of one or more benefits including: Housing Benefit Council Tax Benefit Income-based Job Seekers Allowance Universal Credit Child Tax Credit (with a household income less than £16,040) Working Tax Credit (with a disability element and a household income of less than £15,500) Attendance Allowance Disability Living Allowance Personal Independence Payment Industrial Injuries Disablement Benefit War Disablement Pension Pension Credit Guarantee
Eligible properties	houses flats bungalows
Eligible costs	works to remedy significant hazards in the home including the removal of Category 1 Hazards fees for Certificates and Professional Services in connection with the above contribution towards the purchase cost of a suitable property and can include costs associated with moving such as solicitors' fees
Overview of the process	Applications should be made by a representative of the relevant Local Authority to the Independent Living Service at Great Yarmouth Borough Council who administer and manage the scheme on behalf of all other district councils.

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Last modified on 24 April 2026