Tandem Bank has been approved as one of the first lenders in the UK Government’s Warm Homes Loan Scheme.

The scheme offers reduced-rate loans to help homeowners fund energy efficiency installations such as solar panels and air source heat pumps.

The Warm Homes Loan Scheme provides government grant funding to participating lenders like Tandem.

Lenders pass this saving on to customers through lower interest rates, which helps to make it more affordable for homeowners to install technologies that can help lower their energy bills.

The scheme, which forms part of the government’s Warm Homes Plan and supports the UK’s Net Zero ambitions, is open to homeowners and private landlords for residential properties.

Tandem managing director of home improvement lending Darvish Heshejin says: “We’re proud to be one of the first lenders participating in the Government’s Warm Homes Loan Scheme. ”

“We’ve been financing green home upgrades for years, supporting the technologies, installers and industry bodies that make them possible, and to date have funded almost £1bn of energy efficiency improvements.”

“We believe the scheme will encourage more households to adopt green home technologies, and we’re excited to work with our installer partners to help more customers heat and power their homes more efficiently.”