Action Woking, Woking Borough Council and The South Coast Money Line are working in partnership to offer a low interest, secured loan to help homeowners install eco improvement measures. Typical measures include; insulation, heating systems, whole house refurbishments and renewable energy. South Coast Money Line is a socially responsible, not-for-profit, lending organisation.
The eco improvements loan could enable improvement the insulation in a solid wall property or install solar panels.
Key information on the loan:
- Loan amounts range from £1000-£15,000 (potentially higher amounts are available)
- Paid back over 15-20 years
- Subsidised by Woking Council for some customers meeting a defined criteria
- Turnaround for a loan being offered is 3-4 weeks.
Key benefits to the loan which set it apart from other lenders:
- The loan is tailored to suit the needs of the customer.
- Guaranteed fixed rate for the full-term of the loan.
- Guaranteed to have the lowest fixed interest rate than any high-street bank.
- Specialised service with a Home Trust Loan officer who can carry out home visits to provide details of the loan.
- Help with contractors through Action Woking.
- Final inspection of work to ensure customer satisfaction.
- Early settlement; the customer can make overpayments or settle the loan in full without penalty.
The exact interest rate is determined by factors that are assessed by South Coast Money Line.
For more information please visit www.hometrustloan.org.uk or contact Action Woking on 0800 783 2503. You can also explore our website for more energy saving ideas or visit our eco-show home, Oak Tree House.
Please note: Action Woking is not qualified or registered to give financial advice and we are only informing homeowners about the loan scheme that is available. for financial advice customers should contact a registered financial advisor through the Financial Services Authority (FSA).