Plans to boost the energy efficiency of UK homes by offering green home improvement loans that are tied to the property and not the owner have been put forward by the Green Finance Institute (GFI), Lloyds Banking Group (LBG) and NatWest.
The initiative, Property Linked Finance (PLF), could unlock between £52bn and £70bn of private investment, which could be ploughed into making the country’s homes greener.
The report, entitled A greenprint for Property Linked Linked Finance in the UK, sets out a series of guiding principles and key steps for how PLF should be designed and launched in England and Wales.
These include calling for enabling legislation from the government as well as the establishment of pilot programmes, initially in the commercial sector.
Finance tied to properties
Homeowners who take out a PLF agreement, which has the potential to be spread over a long term, would only need to pay the loan while…
