Houses into Homes


The Welsh Government launched the Houses into Homes Loan Fund in 2012 to help owners bring empty properties back into use.

The 'before and after' image above shows offices successfully converted into residential apartments.

Each region in Wales has a shared pot of funding which, in Gwent, is allocated on a ‘first come, first served’ basis.

Newport City Council welcomes enquiries about the Houses into Homes scheme from individual owners and professional developers.

  • The maximum loan is £25,000 per self-contained housing unit
  • There is a ceiling of £150,000 per borrower
  • The loan cannot exceed 80% of the property’s current value or, if you have a mortgage, the loan plus the outstanding mortgage cannot amount to more than 80% of the property’s current value; if there is any doubt, you may be asked to provide a professional valuation
  • Loans are interest-free but there is an administrative charge of £345 - £545, depending on the loan value
  • Property must have been empty for at least 6 months prior to application but you can apply as soon as you are the registered owner
  • Properties must be let or sold on completion
  • Loans to sell must be repaid within 2 years, loans to let must be repaid within 3 years
  • Works must be completed and properties available for re-occupation within 12 months
  • All loans are secured by a financial charge at the Land Registry

Download the Houses to Homes Loan Fund Guidance for Applicants (pdf). 


To discuss a possible application email or telephone (01633) 233592.