Lendology Partners with Suffolk County Council to Launch Interest-Free Loans for Home Energy Upgrades

November 1 2024

We are thrilled to announce our new partnership with Suffolk County Council to launch the £3 million Warm Homes Suffolk Loan. This exciting initiative offers interest-free loans to help homeowners to make energy-efficient upgrades. Whether it’s installing insulation, solar panels, batteries, glazing, or even heat pumps, this scheme is designed to help make homes warmer, safer, and cheaper to run.

Key Features of the Warm Homes Suffolk Loan

  • Borrow up to £15,000.
  • 0% interest (Representative 0.2% APR)
  • Repayment terms of up to seven years
  • No early repayment charges.

From November 2024, Suffolk homeowners can apply for interest free finance to make sustainable upgrades more accessible than ever before. Loans of up to £15,000 are available to fund upgrades such as insulation, solar panels, heat pumps, and more, making homes warmer, greener, and cheaper to run.

The loans, repayable over up to seven years at 0% interest, provide Suffolk residents with an affordable way to improve their homes while cutting energy bills and carbon emissions.  Money for the loans comes from £3 million of funding received as part of the council’s negotiations with the previous government to secure a County Deal. The funding is aimed at supporting residents who do not qualify for other grants.

Supporting Suffolk Residents

Cllr Philip Faircloth-Mutton, Suffolk County Council’s Cabinet Member for Environment, Communities, and Equality, highlights the impact this scheme will have:

“This loan scheme will help hundreds of Suffolk residents to make their homes more energy efficient. It will put money back in their pockets, by saving on their energy bills.

We all have a responsibility to tackle climate change and reduce our carbon emissions – this is one way we’re helping people to do that. At the same time, they are benefitting from improvements to their homes.

One of the other highlights is that more than the initial £3 million will be generated for loans – when people make their repayments, the money goes back into the pot and is available for someone else. We hope it will be accessible for many years.”

Long-Term Community Impact

The scheme is designed to be self-sustaining, with loan repayments going back into the fund to support future applicants. This ensures that the benefits of the scheme will continue for years to come.

It also supports Suffolk’s Climate Emergency Plan, helping to reduce carbon emissions while boosting local businesses that provide energy efficiency services—creating jobs and investment in the green economy.

Our Partnership with Suffolk County Council

We are proud to partner with Suffolk County Council to offer this valuable loan scheme. As a B Corp-certified social enterprise lender, we specialise in providing responsible finance that makes a real impact in communities. With over 15 years of experience working with local councils, we manage every aspect of the loan process, from assessment and approval to ongoing support for borrowers.

Emma Lower, CEO at Lendology CIC, said:

“We are delighted to be working with Suffolk County Council to deliver 0% interest loans to eligible homeowners. With over 20% of the UK’s carbon emissions coming from privately owned homes, supporting homeowners to spread the cost of energy efficiency measures is a fantastic step to reducing emissions across Suffolk”.

How to Apply

If you’re a homeowner in Suffolk and would like to improve your property’s energy efficiency, you can now apply for the Warm Homes Suffolk Loan. Applications are open, and you can register your interest by visiting our Warm Homes Suffolk Loan page.

For more information and to apply, visit: Warm Homes Suffolk Loan

We recommend that you carry out an independent retrofit assessment to find out which works are suitable for your home and budget.

Representative Example (0% fixed interest rate, Representative 0.2% APR).

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

Borrow £5,000 over 60 months, £83.33 monthly repayments, with the final payment of £83.53. Total amount payable = £5,020.00, including £20.00 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. Missing payments could affect your credit rating and ability to obtain credit in the future.

For more information and to apply

Visit

Subscribe to our newsletter

  • This field is for validation purposes and should be left unchanged.
  • B Corporation
  • Cyber Essentials Plus
  • Fair Tax Accredited
  • Action for Warm Homes
  • ccs supplier logo
  • FairLife Logo
  • Stop Loan Sharks
  • Community Headspace Mental Health
  • Foundations Logo
  • SME Committed 2025