Link to deliver Help to Adapt scheme
Link Group Ltd, working closely with its subsidiary Horizon Housing Association Ltd, has been awarded a contract by the Scottish Government to deliver its pilot Help to Adapt Scheme.
Help to Adapt is designed to make it easier and safer for homeowners over 60 years old to use the equity in their own homes to obtain a loan to pay for adaptations and to encourage older people to be proactive in adapting their homes to enable their long term independence. The Help to Adapt scheme will be piloted over a two-year period from March 2015 (with the option to extend for a further year) and aims to make around 600 loans.
Homeowners will be able to apply for a loan of up to £30,000 to pay for adaptations. The loan is affordable because there are no monthly interest charges or compounded interest. It is repaid when the property is sold or the homeowner dies. The amount repaid is linked to the value of the house.
Link will help homeowners through each step of the process, from assessing eligibility, advising during the loan application process, managing the legal documentation, assessing homes for adaptations and organising the work needed, thereby saving people the time, anxiety and effort involved in organising an adaptation themselves.
This scheme complements the Scottish Government’s national strategy for housing for older people as it addresses the need to improve access to adaptations and for preventative support. It is initially being run in 12 local authority areas to test the pilot in different market areas and, if successful, it may be extended to other areas. A new Help to Adapt team of seven is currently being recruited by Link, it will be led by a contract manager and homeowners will be supported by a dedicated case worker, occupational therapist and technical experts.