Coastline Housing has recently signed a new partnership agreement with Cornish Community Banking that will offer welcome financial support to customers.

Many Coastline customers are financially excluded, which means they do not have access to affordable borrowing or cheaper bank accounts. This is usually caused by a poor credit history or low income.

Cornish Community Banking is the main local credit union in the area. It offers loans at around 26.8% APR, which although high compared to some high street lenders, is far more affordable for customers who have a poor credit rating. They also offer banking facilities and savings accounts.

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Commenting on the partnership Kelly Parr, Income Manager said: “We are very pleased to be working with Cornish Community Banking to create this great opportunity for all new customers. Moving house is an expensive time, so we hope we can support customers by raising awareness of the more affordable borrowing options available.”

Cornish Community Banking’s Partnership and Outreach Co-ordinator is Katrina Wagstaff. She said: “Cornish Community Banking is delighted to take our partnership working with Coastline Housing Ltd to this new level.  This agreement will enable us to support tenants at the start of a new phase in their lives with our ethical savings and loans.”