Funding support available for shared owners

As a shared owner, no matter what share you own you are responsible for paying the full cost of all home repairs and improvements. Having the ready funds to afford essential repairs can often act as a huge barrier to maintaining your home. Funding support available for shared owners to help fund home repairs and adaptations.

Social Enterprise lender, Lendology CIC works in partnership with councils across the South West to deliver accessible finance for homeowners.

Since 2005, we have provided low-cost loans to owner-occupiers including shared owners and leaseholders.

Unlike other mainstream lenders, our flexible approach to lending allows them to take a holistic view of the households where people make decisions, for people.

Our friendly team will discuss your finance requirements and household circumstances and can support a wide range of homeowners, including those who are self-employed, in receipt of benefits, or retired.

We have a range of loan products to meet a wide range of housing needs, including general home repairs, energy measures, and for those living without mains gas, a borrowing scheme with no interest to bulk buy fuel.

If you need to make essential home repairs, you may be eligible for a council-funded loan from Lendology CIC. To apply please visit: https://www.lendology.org.uk/apply-now/

Home Improvement and Energy Loans

Lendology Home Improvement and Energy Efficiency Loan schemes can support a wide range of work including anything considered essential to support homeowners to live in homes that are safe, warm, and suitable for their needs. Funding support available for shared owners.

From replacement heating to whole new roofs, to damp remedy and structural repairs, through to updating kitchens and bathrooms or outdated electrical wiring or plumbing, improving the energy efficiency of your home, or future-proofing your facilities, the eligible works are varied.

• Representative Example (4% fixed interest rate, Representative 4.2% APR).
• Borrow between £500 and £20,000 – potentially more depending on the needs of the project. (Subject to eligibility*)
• Up to a 15-year repayment period
• No early repayment charges
• Flexibility to make overpayments of £100 or more

Our loans are funded by local councils.  This means that we can offer you a low interest rate.  Your local council policy will determine who is eligible to apply for a loan and the home works that are eligible.  For more information, please contact us.

Loans are subject to status and are typically protected by a Title Restriction.

Bulk Buy Fuel Loans

With increasing fuel costs, heating your home for less when you rely on Oil, Calor Gas, LPG, Wood, or Coal to heat your home is becoming ever more challenging. The Lendology Bulk Buy Fuel scheme is open to tenants and homeowners to help spread the cost of heating.

• 0% interest rate
• Borrow between £200 and £1000 (Subject to council policy*)
• Up to a 6-month repayment period
• No early repayment charges
• Flexibility to make overpayments of £100 or more