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South Somerset District Council and Lendology helping homeowners to invest in home upgrades

| District

The current energy crisis is impacting on everyone along with the rising cost of living. Making sure homes are as energy efficient as possible is key to retaining heat and reducing the cost of heating your home.

South Somerset District Council work in partnership with Lendology CIC, a Social Enterprise lender, to provide council funded loans to homeowners for home repairs, improvements, energy efficiency and renewable energy measures.

More than just a lender, Lendology work in partnership with local organisation such as Love your home | Centre for Sustainable Energy (cse.org.uk) to make sure that people have access to impartial energy advice, grant eligibility assessments and home ‘retrofit’ support.

Lendology disrupt traditional lending with their decisions powered by people, for people. They work with a wide range of homeowners to understand their unique financial situation, and everyone pays the same fixed interest rate regardless of the amount borrowed, the term or the financial circumstances.

There are a range of loan products available to suit people who may find it challenging to borrow elsewhere, for instance those who are self-employed, in receipt of benefits, or retired.

South Somerset District Council Portfolio Holder for Environment, Councillor Sarah Dyke said:

“We believe everyone should have access to a home that’s warm in winter, cool in summer, helps keep them well and is suitable for their individual needs. We’re proud that our longstanding partnership with Lendology allows us to offer affordable home improvement loans to deliver energy efficiency solutions and home upgrades for South Somerset homeowners and landlords. The benefits of a retrofitted home are numerous; the obvious being lower energy bills, and others such as improved health, comfort, mental wellbeing and of course environmental. Through reduced energy waste, elimination of greenhouse gas emissions and depleting the demand for non-renewable resources, our planet benefits from these positive differences too.  This unique scheme supports more of us being able to live in sustainable homes, while benefitting the beautiful South Somerset environment at the same time, and we encourage residents to take action and apply for a low cost loan to help make their homes better places to live.”

Emma Lower, CEO at Lendology, said: “We have worked in partnership with South Somerset District Council for over 15 years and are a trusted partner and lender across the district. We are seeing more and more homeowners contacting us to spread the cost of energy efficiency measures such as new windows, and renewable energy measures such as solar panels and air source heat pumps. With the oldest housing stock in Europe, the cost of maintaining homes is also increasing and we continue to support homeowners with larger jobs such as replacing roofs and thatches, a charming but costly feature of Somerset homes”.

For more information, visit www.lendology.org.uk or call Lendology on 01823 461099.

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