The Green Funding 100.
Advanced Hacks
Focus: Pro tips for experienced borrowers and complex deals.
Do I need to be on government benefits to apply?
Is Green Hive a government department? (No, we are a digital aggregator).
What are “primary” vs “secondary” measures in the context of grants?
Is the £30,000 grant a loan that I have to pay back?
Does the income limit include the salary of every adult living in the house?
How to spot and avoid “Grant Scams” and rogue traders.
The “Internal Wall Insulation” (IWI) workaround for stone cottages.
Test question for Grants
How to use a 0% loan to bridge the gap for premium solar panels.
My EPC has expired; can I still apply for funding?
Does the plan cover insulation as a standalone measure?
Secret Criteria: The “Low Income” definitions that many people miss.
What is a “Retrofit Coordinator” and why do I need one?
Does the plan cover the cost of double or triple glazing?
What is an EPC and why is it the “Master Key” to funding?
What qualifies as “Low Carbon Heating”?
How exactly is “Gross Household Income” calculated?
What does “Retrofit” actually mean in plain English?
What are “primary” vs “secondary” measures in the context of grants?
Are the grants received under the plan taxable?
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