Grant boost raises ceiling for landlords

Banbury landlords can now apply for grant funding of up to £15,000 to renovate their properties when they sign up to Cherwell District Council’s bond scheme.

Published: Monday, 30th September 2019

It is a 25 per cent increase on the previous funding ceiling for landlords in the town and follows last month’s announcement that the popular Cherwell Bond Scheme has been relaunched with a host of fresh benefits

The bond itself stands in lieu of a cash deposit, offering greater security to landlords and helping insecurely housed families to find a new place to call home. Further financial support is offered to help with the cost of gas safety checks and installing smoke detectors.

Cllr John Donaldson, Cherwell’s lead member for housing, said: “The Cherwell Bond Scheme helps landlords bring their properties up to a lettable standard so that they can be let to families who might otherwise be at risk of homelessness. We provide support to help ensure these rented properties can become long term homes.

“With this increased pot of grant funding, we are signalling to landlords that we will help them and their future tenants by restoring their properties. Once they are part of the bond scheme, landlords can count on free support from the council’s housing team, and those already taking part tell me it’s well worth their while.

“Rented accommodation forms a big part of the housing picture in our area, and we are working hard to keep standards high for local renters.”

Landlords from any part of Cherwell district who would like to apply for grant funding are invited to email or call 01295 227004.