Home energy loans

1. Lendology will conduct a detailed bespoke financial assessment of each individual’s circumstances to assess whether they are able to afford the monthly repayments for the loan.​
2. If the applicant is not eligible for the loan, they will be signposted to other funding and support where applicable. ​
3. If the applicant is eligible for a loan, they will be instructed to obtain at least two quotes for the work. Lendology will review these quotes and check work is eligible for measures against the West Yorkshire Combined Authority’s policy. ​
4. A loan agreement will be issued and signed by the applicant. ​
5. Once the loan is approved, a title restriction will be placed on the property. The title restriction means that if the loan balance is still outstanding when a property is sold, Lendology will require its funds returned as part of this process. The applicant’s legal representative will write to Lendology and request a loan balance on the date of sale, and the title restriction will be removed when the balance of the loan has been received.​
6. Once the upgrades have been completed, the loan applicant will supply Lendology with a copy of the invoice(s) from the supplier(s) and pictures of the completed works.
7. The loan amount will then be released to the loan applicant and repayments will be collected by direct debit on a monthly basis until the loan is repaid in full.

It can finance energy-saving upgrades including: insulation, solar PV systems, solar thermal systems, ground source heat pumps, air source heat pumps, battery storage where combined with a new solar PV system, double and triple glazed windows where combined with insulation measures, ventilation where combined with insulation measures, remediation work required to facilitate the install of eligible measures (for example redecorating post internal wall insulation). Loans are exclusively available for properties located in West Yorkshire. ​

Owner-occupiers and private landlords with up to three properties are eligible to apply. Tenants are encouraged to inform their landlords about the scheme.

West Yorkshire Combined Authority.

With over a million homes in West Yorkshire contributing to nearly a third of our carbon emissions, there is significant work to be done to meet our net zero by 2038 goal. We've already made progress with social housing projects, and now it’s time for everyone else to start to benefit from energy-saving upgrades. ​

Representative Example (3.26% fixed interest rate, Representative 3.29% APR)​

Borrow £15,000 over 10 years = £146.65 monthly repayments.​

Total amount repayable = £17,617.80. This includes the £20 fee for registering the Title Restriction against your property at HM Land Registry. The £20 is only repayable if a loan is agreed by Lendology and you decide to proceed with a loan. Interest is not charged on the £20 Title Restriction fee. A Title Restriction means that you may not be able to sell your home without our permission unless the loan is fully repaid. ​

Loans are subject to status and are typically protected by a Title Restriction. This is a financial promotion approved by Lendology CIC. Missing payments could affect your credit rating and ability to obtain credit in the future.​

Lendology requires a Title Restriction as we lend local council funds to homeowners. The local council require repayment of the loan should the loan property be sold during the loan term. The Restriction is only in place whilst there is a balance due on the loan. When you have repaid your loan in full, we will deal with the removal of the Title Restriction at the Land Registry. There is no fee or charge for this.

If during the loan term you decide to sell or transfer the ownership of your home, your legal representative will write to us and request a loan balance on the date of sale, and we will remove the Title Restriction when the balance of the loan has been received.

Our Title Restriction means that if the loan balance is still outstanding when you sell your property, Lendology will require its funds returned as part of this process. Your legal representative will write to us and request a loan balance on the date of sale, and we will remove the Title Restriction when the balance of the loan has been received.

If you are re-mortgaging your home, your legal representative will contact us for our consent. We consider each case on a case-by-case basis and are likely to approve your re-mortgage if your new mortgage is similar to your previous mortgage when you took your Lendology loan. If we do not consent to your re-mortgage, we will confirm to your legal representative the loan balance required to settle the loan.

We will never ask you to sell your property in order to repay the loan.

Visit the Lendology website for more information, or email loans@lendology.org.uk