Lendology report highlights importance of supporting homeowners with reducing carbon emissions in homes

Lendology has released The Private Sector Housing Report highlighting the urgent need to support homeowners. Working with The Association of Public Service Excellence (APSE), Lendology surveyed UK local councils about their housing improvement plans. The survey found that many local councils recognise the need for supporting the uptake of “retrofit” measures, such as insulation, solar panels, and heat pumps, across the private sector.

21% of all carbon emissions in the UK comes from homes, which is more than all the cars on the road.  The recent Government English Housing Survey found that 83% of homes are privately owned.  This means that supporting homeowners to improve the energy efficiency of their homes is vital to reducing carbon emissions.  

Nearly all (96%) of UK homeowners are concerned about their home’s efficiency, which is not surprising given the cost of living crisis and ever increasing energy prices.  Our council partners have been supporting homeowners across the South West since 2005, and we are seeing a year-on-year increase in people investing in their homes with our renewable energy loan scheme.

Emma Lower, CEO at Lendology, says, “A vast number of property owners don’t know how to improve the efficiency of their homes, nor how to fund it. Even the most environmentally aware find it hard to retrofit their properties because they can’t find the right resources. Local councils have a key role in educating homeowners about what to do, where to turn for impartial advice, how to fund it, and who to trust as a funding partner.” 

Read the full report.