[adv] A Dorset household has shared their experience of making home energy improvements, supported by a loan from Lendology CIC.
Mike and his family were looking at ways to improve their home’s energy efficiency, including installing solar panels. With upfront costs to consider, they chose to apply for a home energy loan through Lendology — a not-for-profit community lender working in partnership with local councils.
Reflecting on the process, Mike said the support they received during their application was helpful, and that accessing the loan enabled them to move forward with their planned improvements. Individual experiences will vary depending on personal circumstances.
The solar panel system is expected to generate electricity that may contribute towards the household’s energy use, depending on factors such as usage and weather conditions. The family is also exploring further improvements, including the potential installation of a heat pump, as part of a longer-term plan for their home.
Lendology works with local authorities across the South West to provide loans that support a range of home improvements, including energy efficiency and renewable energy measures. These loans may be available to homeowners depending on eligibility and individual circumstances.
If you are considering improving your home, it’s important to understand the costs involved and whether borrowing is right for you. We recommend seeking independent advice, including a retrofit assessment, to help identify the most suitable options for your home and budget.
Because our loans are funded by local councils, what’s available can vary depending on where you live.
Find your local council to see what support may be available to Dorset homeowners: lendology.org.uk/partner/dorset-council/
Important information
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.
