AHL can offer a range of loan products in partnership with housing organisations to help home owners repair and improve their properties, relocate following clearance or improve the energy efficiency of their homes.
One of the unique strengths of AHL is its ability to develop tailored products and policies to meet the specific needs of a particular local authority market or strategy. The current loan product portfolio comprises the following:
The Property Appreciation Loan (PAL®)
This unique product was developed following research carried out with the
Birmingham University Centre for Urban and Regional Studies. It meets the needs of owners who do not have the income to support a loan, but have considerable equity in their properties.
The loan is secured against the value of the property but with no repayment of capital or interest until ultimate change of ownership. The loan is calculated as a percentage of the initial value of the property. The repayment amount is based on the same percentage, but of the property value when the loan is redeemed.
The amount of equity released and level of subsidy can be varied in-line with local policies. In most circumstances it is suitable and accepted as a ‘faith loan’. This product is available nationally.
Bespoke Products
We will develop products to suit you and your clients, to meet specific needs such as; the Green New Deal and energy efficiency retrofits.
Unsecured Loan
A small repayment loan over a maximum four year period where a discount of 50% is given off the total if the home owner makes half of the repayments on time. Offered as an alternative to emergency grant, it encourages the homeowner to take responsibility and maintain regular repayments.
Repayment Loan
The term and the interest rate can be varied to suit the strategic requirement of the local authority.
Interest Only Loan
The term and the interest rate can be varied to suit the strategic requirement of the local authority.