Increase in Council Tax premium for empty properties

September 23 2019

If you have an empty property, it is likely that you are already paying a higher council tax premium.  As empty properties are a wasted resource, many councils are now looking to increase council tax on long term empties as a way to encourage owners to take action.  National Empty Homes Week is a great opportunity to raise awareness of the problem and give people advice on how to solve it, and how to access advice and support.

We have recently worked with some of our council partners to produce a factsheet detailing what this means in each council area.  The purpose of the factsheet is to show owners how much they currently pay, what the upcoming changes will mean in financial terms, and also how much they could save by borrowing funds from us to improve the property compared to the annual council tax premium.

Currently, the following councils have completed a factsheet and you can find out more by clicking the links below:

Exeter City Council Factsheet for Exeter Empty Property Owners

Mid Devon District Council Factsheet for Mid Devon Empty Property Owners

Teignbridge District Council Factsheet for Teignbridge Empty Property Owners

Torridge District Council Factsheet for Torridge Empty Property Owners

For more information about our empty property loan scheme, click here, or for an informal chat with one of our expert loans advisers, call us on 01823 461099, or complete our contact form.

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