Lending Done Differently

Lendology undertaking heat pump research in partnership with Thermly  

Thermly and Lendology CIC are transforming home heating in Somerset through the UK Government’s Heat Pump Ready programme. Funded by the Net Zero Innovation Portfolio, this programme 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. 

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 carrying out an independent retrofit assessment to determine which improvements may be suitable for your property, circumstances and budget.

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

Borrow £5,000 over 60 months, £92.08 monthly repayments. Total amount repayable = £5,544.96. Loans are subject to status and are typically protected by a Title Restriction. 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 not a mortgage. Missing payments could affect your credit rating.

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

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