The Green Funding 100.
The Basics
Focus: Definitions, core concepts, and suitability.
I’m a Landlord; how do I use the WHP to improve my EPC rating?
What is the step-by-step journey from landing page to “Warm Home”?
What are the core energy efficiency measures covered (Insulation, Heat Pumps, etc.)?
What is the difference between the Warm Homes Plan and ECO4?
How does the Warm Homes Plan contribute to the UK’s Net Zero 2050 target?
How much does a typical Heat Pump cost without a grant?
Is the Warm Homes Plan funding “First-Come, First-Served”?
Is there a waiting list for the Warm Homes Local Grant?
Who is the primary target for the Warm Homes Plan?
Does the grant cover 100% of the installation cost in all cases?
What is the average annual energy bill saving after a full retrofit?
Can I combine the Warm Homes Plan with the Great British Insulation Scheme?
How to use Solar PV to offset the increased electricity cost of a heat pump.
I’m a Tenant; can I apply even if my landlord is hesitant?
Is the Warm Homes Plan the same as the “Local Grant”?
What qualifies as “Low Carbon Heating”?
Getting the most out of “Microgeneration” credits (SEG) alongside your grant.
The “Boiler Part-Ex” Strategy: Can you get value for your old unit?
Where to find “hidden” council-backed interest-free loans.
What is the maximum grant amount available per household?
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