You are here: Home - Household Bills - News -

Green Deal home improvement loans relaunch

0
Written by: Paloma Kubiak
20/06/2017
The Green Deal Finance Company (GDFC) has started offering loans to homeowners looking to make their properties more energy-efficient, two years after government funding for the scheme was pulled.

The GDFC was a government-funded scheme to encourage homeowners to make their property more energy-efficient such as with insulation and double glazing via green deal loans. In July 2015, the government axed its funding.

But nearly two years later and following the acquisition of the company from the UK government and its shareholders in January 2017, the GDFC has begun financing loans through a select number of Green Deal providers as part of a ‘soft launch’ into the market space. It aims to officially roll-out later in the year.

GDFC is now looking to improve the Green Deal loan product and the service it will offer to customers.

Anyone interested in the scheme can register at GDFC where they will be put in touch with their local Green Deal Provider.

Kilian Pender, CEO of the GDFC, said: “We are extremely pleased to announce the relaunch of the Green Deal scheme and Green Deal loans. Since acquiring the business in January, we have received a very significant amount of support from government, energy-efficient focused organisations, manufacturers and installer organisations amongst others, all of which are eager to see the scheme continue where it left off and build further momentum.

“While there is still work to do to develop and improve the Green Deal product, we are delighted to be able to take this significant first step of making loans accessible to homeowners again to improve their homes through Green Deal finance. Given our focus on quality control and providing high levels of service to our customers and installer partners, we have taken the decision to start slowly through a select number of Green Deal Providers, although we hope to offer finance through a wider number over the coming months.”

The GDFC is currently raising debt finance through the peer-to-peer finance platform Abundance Investment. The Green Bond offers 12% interest a year. See YourMoney.com’s Green Bond paying 12% interest launches: is it too good to be true? for more information.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
2346202-holiday-pool-cocktail
FCA to examine travel insurance for cancer patients

The finance watchdog is investigating whether cancer patients are treated fairly when buying travel insurance.

Close