Merton Council is thrilled to announce the launch of an innovative lending scheme. The low interest rate loans are for Merton homeowners to help spread the cost of energy efficiency upgrades and renewable energy works to their property.
Working in partnership with the Financial Conduct Authority registered, B Corp lender, Lendology CIC, this collaboration gives homeowners in Merton a new tool to help them reduce their energy bills and plan for the future.
Lendology and Merton Council have teamed up to provide crucial financial support for individuals, enabling them to spread the cost of installing energy efficiency and renewable energy solutions over timescales to suit their needs.
The lending scheme encompasses a wide array of projects, including solar panels, battery storage, air source heat pumps, loans to supplement renewable energy grants, and improvements like new windows and insulation.
Councillor Natasha Irons, Cabinet Member for Local Environment, Greenspaces and Climate said:
“Reaching our borough-wide target of being net-zero by 2050 means changing how we heat and power our homes. Making homes more energy efficient puts money back into people’s pockets and helps to tackle climate change, so we are delighted to be able to launch this scheme. We are proud to be the first Council in London to offer residents this innovative finance option with Lendology, so we can make retrofit more accessible, support more people to cut their energy bills and reduce Merton’s carbon emissions. “
Emma Lower, CEO, Lendology, said: “As Lendology embarks on this partnership with Merton Council, we are driven by a shared commitment to creating tangible impact in the lives of individuals and communities. Our Social Impact report underscores the vital role of the services we provide, emphasising that financial support from council partners is pivotal. Merton Council’s vision aligns seamlessly with our mission, challenging assumptions and championing the cause of those in need. It’s not just about the numbers; it’s about the lives touched, homes transformed, and communities uplifted.
I am thrilled that through this collaboration, we can continue making a positive difference, echoing the profound impact our loans have on families and the fabric of our communities.”
To find about more about the loan scheme and eligibility for homeowners and landlords with private rental properties in the London Borough of Merton, visit https://www.lendology.org.uk/partner/view/london-borough-of-merton/ or call Lendology on 01823 461099.
About Lendology CIC
Lendology is a B Corp, social enterprise lender. Working on behalf of their council partners, Lendology offer a loan service to homeowners to help them make their homes safer, warmer and more secure, while also improving energy efficiency and reducing carbon emissions.
Since 2005, Lendology CIC has lent over £22million of local council capital to improve private sector housing.
Find out more about Lendology by visiting www.lendology.org.uk