Owning a property often means facing various expenses, from installing measures to reduce your energy usage to the desire for eco-friendly improvements. If you’re considering installing solar panels and battery storage, or other renewable energy measures, spreading the cost with a council backed loan may be a good solution.
Cornwall Council has recently partnered with Lendology CIC offering a loan scheme for eligible homeowners for funding of energy efficiency and green energy installations. Ranging from £1,000 to £20,000, with a fixed interest rate of 4%, this initiative aims to make finance accessible for homeowners seeking to improve their properties sustainably.
Cornwall Council and Lendology CIC strive to understand and address the challenges homeowners face in funding property improvements. As a social enterprise lender and B Corp, Lendology prioritises people over profit, ensuring fair and accessible financing solutions.
Lendology CEO, Emma Lower, said: “We’re thrilled about this collaboration with Cornwall Council, which marks a significant step forward improving the private housing sector. As we don’t have a large marketing budget, we rely on word of mouth to ensure everyone can live in a home they’re proud of. That’s why communication with local parishes is crucial for us.”
If you are a homeowner in Cornwall, apply now or learn more at www.lendology.org.uk or by calling 01823 461099. Take the first step towards a more sustainable home 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.
This project is funded by the UK Government through the UK Shared Prosperity Fund. Cornwall Council has been chosen by Government as a Lead Authority for the fund and is responsible for monitoring the progress of projects funded through the UK Shared Prosperity Fund in Cornwall and the Isles of Scilly.