Heat Pump Grant changes: embracing sustainable home heating 

The recent Heat Pump Grant increase 

The UK Government’s recent decision to boost Heat Pump Grants by 50% to £7,500 is a brilliant opportunity for homeowners looking to make sustainable home upgrades. Heat Pumps offer an eco-friendly alternative to traditional gas boilers and this grant increase means that homeowners could now install a heat pump for less than the average cost of a new gas central heating system, according to Energy Security Secretary Claire Coutinho.

Tailored financial solutions with Lendology CIC 

While the increased grant is undoubtedly a fantastic initiative for homeowners looking to make energy efficiency adaptions, the grant may not cover the full cost of the works to install the heat pump system.  

This is where our Renewable Energy Top-up Loan could help homeowners get the extra funding they might need to undertake the project. Our goal is to help homeowners make the most of these grants, ensuring that the financial aspect doesn’t deter them from embracing a more sustainable future. 

We recommend that you conduct an independent retrofit assessment to establish whether any works that you may be planning to adapt your property are likely to be suitable for your property and goals.  

Our website provides a wealth of valuable information, featuring a loan calculator designed to assist you in determining the monthly repayment for a capital repayment loan. 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.

Representative Example (4% fixed interest rate, Representative 4.2% APR).   

Loans are subject to status and are typically protected by a Title Restriction. Borrow £5,000 over 60 months, £92.08 monthly repayments. Total amount repayable = £5,544.96, including £20 fee for registering the Title Restriction against your property at the Land Registry. The £20.00 fee is only payable if a loan is agreed by Lendology and you decide to proceed with a loan. We do not charge interest on the fee. A Title Restriction means that you may not be able to sell your home without our permission unless the loan is fully repaid. This is a financial promotion approved by Lendology CIC. Missing payments could affect your credit rating and ability to obtain credit in the future.  

This financial promotion has been approved by Lendology CIC, a community interest company limited by guarantee.