Mrs. B, an Exeter resident which had a vision to transform her home into an eco-friendly, energy efficient household. Mrs. B had incorporated advanced retrofit measures such as an air source heat pump, underfloor heating, photovoltaic solar panels, a solar-charging battery, a comprehensive heat recovery and ventilation system, and wheelchair accessibility to her downstairs extension.
Mrs. B approached Lendology to address the financing of the VAT associated with the retrofit measures, looking to make her home more energy efficient. With the help from our partnership with Exeter City Council, Mrs. B secured the necessary funding to cover the VAT on her home’s retrofit. This collaboration highlights the potent impact that effective financing solutions and community-driven initiatives can yield.
Mrs. B said “I suppose I was brought up to think that you should give something back. I like to think that I’m fairly well-educated, and therefore I feel I should be educating other people. And one of the things you can do is, do it by showing them the way.”
Now, Mrs. B lives in an exceptionally energy-efficient home, achieved through the support of Lendology’s Energy Efficency Loan and the collaborative efforts of Exeter City Council. This highlights how financial partnerships can help to support potential environmentally friendly initiatives, promoting sustainable living options in local communities.
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. 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.
