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Wessex Resolutions CIC

Wessex Resolutions CIC is a not-for-profit Community Interest Company offering affordable finance for essential home repairs. Loan schemes include Home Improvement, Landlord, Empty Property, and more. With flexible terms and low interest rates, Wessex Resolutions CIC provides a client-focused approach with no set-up fees or penalties.

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Wessex Resolutions CIC

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  1. Wessex Resolutions CIC Martine Bryant and Ellie Lister Loans Advisers martine.bryant@wrcic.org.uk ellie.lister@wrcic.org.uk

  2. Who Are Wessex Resolutions CIC? • A not-for-profit, Community Interest Company • Based near Taunton, Somerset • Established 2002

  3. Our Objective To provide affordable finance to homeowners for essential repairs, maintenance or adaptation.

  4. Loan Schemes • Home Improvement Loans • Loans to Landlords • Empty Property Loans • Park Home Loans • First Time Buyer Loans

  5. How the Loan Scheme works LA funds held by WRCIC Capital returned to pot Funds lent to client at 4% Interest covers WRCIC costs

  6. Landlord and Empty Property Loans • Essential repairs and modernisation • Improve EPC rating • Renovate to Rent • Renovate to Sell • Renovate to Reside

  7. Loan Products • Capital Repayment • Deferred Capital Repayment • Other loan products available – depends on client needs

  8. Amounts and Term • Minimum loan - £1,000.00 • Maximum loan - £15,000.00 • Term ranges from 1 year to 15 years

  9. The Important Bits… • Fixed rate of 4% (Representative 4.2% APR) • No set up fees (except £20 Land Registry fee) • No early repayment fees • Variety of loan products to meet needs and means

  10. Loan Protection • Equitable Mortgage • Title Restriction - Land Registry

  11. Case Study • Empty for 1.5 years • Inherited • Not able to sell – un-mortgagable • Worried about meeting additional Council Tax demands • Repayment deferred for a year • Works are now nearing completion

  12. Why Wessex? • Client focused • Solution focused • Flexibility • No set up fees or early repayment penalties • Extra support during application process for those who need it • Local Authority funded

  13. Any Questions? Wessex Resolutions CIC

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