The Green Funding 100.
Strategy & Uses
Focus: Smart usage, investment approaches, and case studies.
Can I use the Warm Homes Plan for a holiday home or short-term let?
Strategy for properties with restricted access (e.g., mid-terrace or high-rise).
I am a retiree; are there specific protections or schemes for pensioners?
How exactly is “Gross Household Income” calculated?
What are the current interest rates for the plan’s 0% loan schemes?
What is the required “customer contribution” for private landlords?
What happens if the installer’s quote is higher than the grant value?
Is there a cap on the cost of “ancillary works” (like new radiators)?
Are there specific funds for “off-gas” properties (oil/LPG)?
Does the Boiler Upgrade Scheme (BUS) pay the grant to me or the installer?
My income is £37,000; am I completely excluded from the Local Grant?
Are there any upfront application or survey fees?
Are there specific regional variations in grant amounts?
Can I get a larger grant if I have a 5-bedroom house?
Is the BUS grant still fixed at £7,500?
Is the Warm Homes Plan available in Scotland, Wales, or Northern Ireland?
Is there a hard deadline for the current round of funding?
What is a “Retrofit Coordinator” and why do I need one?
Can I apply if my house was built in the last 2 years?
What exactly is the UK Warm Homes Plan?
Promise Money is a broker not a lender. Therefore we offer lenders representing the whole of market for mortgages, secured loans, bridging finance, commercial mortgages and development finance. These loans are secured on property and subject to the borrowers status. We may receive commissions that will vary depending on the lender, product, or other permissable factors. The nature of any commission will be confirmed to you before you proceed.
More than 50% of borrowers receive offers better than our representative examples
The %APR rate you will be offered is dependent on your personal circumstances.
Mortgages and Remortgages
Representative example
Borrow £270,000 over 300 months at 7.1% APRC representative at a fixed rate of 4.79% for 60 months at £1,539.39 per month and thereafter 240 instalments of £2050.55 at 8.49% or the lender’s current variable rate at the time. The total charge for credit is £317,807.66 which includes £2,500 advice / processing fees and £125 application fee. Total repayable £587,807.66
Secured / Second Charge Loans
Representative example
Borrow £62,000 over 180 months at 9.9% APRC representative at a fixed rate of 7.85% for 60 months at £622.09 per month and thereafter 120 instalments of £667.54 at 9.49% or the lender’s current variable rate at the time. The total charge for credit is £55,730.20 which includes £2,660 advice / processing fees and £125 application fee. Total repayable £117,730.20
Unsecured Loans
Representative example
Annual Interest Rate (fixed) is 49.7% p.a. with a Representative 49.7% APR, based on borrowing £5,000 and repaying this over 36 monthly repayments. Monthly repayment is £243.57 with a total amount repayable of £8,768.52 which includes the total interest repayable of £3,768.52.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME
REPAYING YOUR DEBTS OVER A LONGER PERIOD CAN REDUCE YOUR PAYMENTS BUT COULD INCREASE THE TOTAL INTEREST YOU PAY. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Promise Money is a trading style of Promise Solutions Ltd – Company number 04822774Promise Solutions, Fullard House, Neachells Lane, Wolverhampton, WV11 3QG
Authorised and regulated by the Financial Conduct Authority – Number 681423The Financial Conduct Authority does not regulate some forms of commercial / buy-to-let mortgages
Website www.promisemoney.co.uk