Lendology undertaking heat pump research in partnership with Thermly
June 25 2024
June 25 2024
Discover how Thermly and Lendology CIC are transforming home heating in Somerset through the UK Government’s Heat Pump Ready programme. This initiative aims to make sustainable heating systems more accessible and affordable for homeowners with unreliable heating.
Significant Funding for Sustainable Solutions
Thermly has received over £500,000 to develop new heat pump technologies as a reliable alternative to traditional gas boilers.
Emma Lower, CEO of Lendology CIC, on Helping Homeowners
“Having worked with homeowners across Somerset for over 20 years, we have seen time and again homeowners making panic purchases in the depths of winter when their heating systems break down. We are thrilled to be part of the Thermly project team, offering our expertise around customer behaviour and support mechanisms. As a B Corp lender, sustainability and community impact are at the heart of our mission.”
What This Means for Homeowners
About 1.75 million UK homes have unreliable heating. Thermly’s new digital tools make switching to heat pumps easier. This reduces carbon emissions and saves on energy bills.
About the Heat Pump Ready Programme
Funded by the Net Zero Innovation Portfolio, this programme promotes low-carbon technologies in Somerset homes. It aims to improve heating efficiency and affordability.
How You Can Benefit
Discover how Thermly and Lendology CIC are enhancing home heating solutions. Lendology provides Energy Efficiency Loans, assisting eligible homeowners in enhancing their home’s sustainability with solutions like solar panels, insulation, and advanced heating systems. Explore financial options available for homeowners today.
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.
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. Missing payments could affect your credit rating and ability to obtain credit in the future.
