Back

Service charge loan

About our loans

If you cannot pay your bill for major repairs you can apply for a service charge loan.

Ask about our interest free repayment plan(link is external) before applying for a service charge loan which is not interest free.

This service charge loan is a mortgage on your property. You'll: 

  • repay it over a pre-arranged period up to 25 years
  • be charged interest (the rate depends on the type of loan)
  • pay an application fee
  • pay a redemption fee once you've paid off your loan

You cannot take this loan to pay for day-to-day (minor) repairs and maintenance service charges.