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Will the district council where the property is situated also be involved in approving the loan?
Yes. The district council will be asked to confirm if the works/conversion will require planning permission or building regulation approval. If these are required we will need confirmation from them that planning permission and/or building regulation approval has been granted. We will also ask the district for more information on the following:-- How long the property has been empty
- What works are required to the property to achieve the decent homes standard
- How long the works/conversion is likely to take
- Any relevant information regarding persons applying for a loan
