A warmer home
starts here
Increase the comfort and energy rating of your home with our Warm Homes Loan
Borrow from £1,000-£15,000 from 3.6% APR
- Approved provider for the Government backed Warm Homes Loan Scheme
- Affordable, flexible repayments
- No hidden charges or fees
- Quick & easy application
Check what you can get
A few questions about your home. We’ll show you which funding to try first for your upgrade and what’s left to borrow.
What’s left to borrow
Boiler Upgrade grant (heat pump)
Repay over
- Total of your quotes
- Less grant
- You borrow
- Interest rate (fixed)
- APR
- Total repayable
Loans are subject to affordability and credit checks. We pay your loan to you, and you pay your installer. This product is supported by the Warm Homes Loan Scheme. Figures assume equal monthly repayments; we calculate interest daily on the reducing balance, so your actual repayments may differ slightly.
What is the Warm Homes Loan for?
Our Warm Homes Loan helps with upfront costs of solar panels, a battery or heat pump. You can spread the cost over 3 to 9.8 years.
Warmer homes powered by electricity have better air quality
Upgrading your home reduces the harm to the environment
Generating your own electricity can reduce your bills
Together we have you covered
Our trusted partners below can help you understand what your options are, and what might be the best solution for you.
GMCA
To check if your household qualifies for a Warm Homes Loan Grant or Boiler Upgrade Scheme grant, advice on different home improvements, arrange a home assessment, find installers and obtain quotes.
People Powered Retrofit
For guidance on retrofit projects, People Powered Retrofit are a great place to start. They are a non-profit cooperative based in Manchester, and have helped people with property upgrades.
This is for you if...
- You're a homeowner
- You are interested in solar panels, battery storage or heat pumps
- You could provide a valid quote issued by an MCS certified installer, dated within the last six months.
Representative Examples
Given a fixed APR of 9.4% for Warm Homes Loans between £1,000 – £6,999, if you borrow £5,000 and repay £103.80 per month over 60 months, you will repay a total of £6,227.38.
Given a fixed APR of 3.6% for Warm Homes Loans between £7,000 – £15,000, if you borrow £10,000 and repay £119.59 per month over 96 months, you will repay a total of £11,479.59.
T&C's apply
We are responsible lenders and want you to stay informed. Make sure to read our loan T&C’s.
Chat to us in person
If you prefer a face to face chat, come in and see us. We’re open every weekday (except Wednesdays) 10am-3pm.
Or Get in touch our Green Energy lead, Ali Crush
Email: ali@smcreditunion.co.uk Phone: 0161 694 2996
