The Architectural Heritage Fund (AHF) which is a registered charity that promotes the conservation and regeneration of historic buildings, has launched a new mortgage-style loan facility.
It will enable charities, not-for-profit companies, CICs, Parish and Town councils to borrow £150,000 – £500,000 over 10-20 years (up to 30 years by exception) for the conservation and regeneration of historic buildings.
To be eligible the building should have statutory protection through national listing, or be in a Conservation Area. Applicants must demonstrate how financial assistance from the AHF will enable it to provide demonstrable social impacts. The AHF can normally lend up to 70% of the estimated open market resale value of any acceptable property or land over which it takes a first charge.
Applications can be submitted at any time.