Lancashire Community Finance
Call: 0344 561 1292

Home Improvement Loan

Saving Energy and Money

Pensioner, Mrs P, was living alone in a property in Preston, which she had bought with a mortgage from the Halifax. Even though she had a part time job to supplement her pension, her house was falling into disrepair and her fuel bills were very high.

She knew that she needed to have double glazed windows fitted, but she couldn’t convince the Halifax to provide a new loan in order to be able to afford to do so.

Lancashire Community Finance assessed Mrs P’s  application for a Home Improvement Loan, which we run in conjunction with Preston City Council at an interest rate of 9.9% APR. Under this loan scheme, we were able to agree a loan of £1,600 at a monthly repayment of just £25, well within Mrs P’s budget.

Delighted with our help, Mrs P told us that after having the double glazed windows fitted, the savings she has made on her fuel bills more than covers her loan repayments.

Investing in the future
In order to access £3.3million of grant funding to improve the energy efficiency of Sandown Court, two buildings of 244 flats in Avenham, the Sandown Court Management Company had to contribute £200,000 of  match funding.

After they had been turned down by their bankers and other high street banks, they came to Lancashire Community finance.

Timing was of the essence, as there was a strict deadline for Sandown Court to get their part of the funding together in order to access the full grant from Scottish & Southern. Working with Lancashire Community Finance in partnership with Preston-based EDS(NW) Ltd they secured a loan of £200,000.

Without our help, the Sandown Court Management Company would have had to ask the residents to raise the funds, which would have been impossible for most of them. The loan allowed Sandown Court Management Company to avoid putting this extra financial pressure on residents, whilst investing in work which will save them money in the long term through greater energy efficiency.


Latest news

In light of the latest Government advice on COVID-19, our Preston and Skelmersdale offices will be closed to visitors from Wednesday 18 March. Our staff continue to work from other locations and all remain available during our usual hours Monday-Friday 9am-5pm. You'll still be able to reach us on our main number 01772 556877 and email For Start Up Loan queries, call 01772 205031 or email