Green Deal loans spring back into life after acquisition

The Green Deal Finance Company (GDFC) has begun financing loans for the first time since July 2015. Its relaunch follows its acquisition from the UK Government in January 2017 and comes […]

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By Jonny Bairstow

The Green Deal Finance Company (GDFC) has begun financing loans for the first time since July 2015.

Its relaunch follows its acquisition from the UK Government in January 2017 and comes ahead of a wider rebrand and roll-out expected later this year.

During this initial phase, the company says it will concentrate on assessing and improving the Green Deal loan product and service, including customer experience and quality control.

Green Deal loans aim to provide consumers with accessible financing to improve their homes through the installation of energy efficiency products.

The loans can help landlords, tenants and homeowners who wish to improve the comfort, value and energy efficiency of their property but cannot afford the upfront cost of doing so.

Loans are entered into between consumers and Green Deal Providers (GDPs) and are financed by the GDFC.

Kilian Pender, CEO of the GDFC, said: “We are delighted to be able to take this significant first step of making loans accessible to homeowners again to improve their homes through Green Deal finance.

“Given our focus on quality control and providing high levels of service to our customers and installer partners, we have taken the decision to start slowly through a select number of GDPs, although we hope to offer finance through a wider number over the coming months.”