Finance News From Shakespeare Finance
Tuesday, 19 Dec 2006
Low rate personal loans for greener homes
London (shakespearefinance) December 19, 2006: In his pre-budget report to the House of Commons, the Chancellor of the Exchequer, Gordon Brown proposed a low-rate personal loan designed to help environmentally conscious consumers to make their home greener.
Gordon Brown stated: "For existing homes I will consult on a new facility to undertake energy audits and offer low loans that will, in time, because of low energy bills, pay for themselves."
Centre for Alternative Technology (CAT), engaged in offering solutions to some of the most serious problems like climate change, pollution and the waste of precious resources, welcomed the potential move. The move would help to reduce the 27 per cent of UK's carbon dioxide emissions that come from the construction, heating and powering of homes.
Matthew Slack, energy consultant at CAT, appreciated the initiative that would see zero carbon homes exempt from stamp duty. Slack, however, also stressed that new homes were only a fraction of the whole picture.
Slack stated: "We need to retrofit old properties with insulation, solar water heating and efficient boilers. Cost can be a barrier when it comes to taking up energy-saving technologies. Low cost or interest free loans would provide the incentive needed."
About Shakespeare Finance:
It is one of the leading independent finance brokers offering various financial products, such as secured and unsecured loans, as well as homeowner, tenant, personal, debt consolidation and adverse credit loans. Shakespeare Finance has been accredited by various financial regulatory authorities, including FISA and FSA.
Gordon Brown stated: "For existing homes I will consult on a new facility to undertake energy audits and offer low loans that will, in time, because of low energy bills, pay for themselves."
Centre for Alternative Technology (CAT), engaged in offering solutions to some of the most serious problems like climate change, pollution and the waste of precious resources, welcomed the potential move. The move would help to reduce the 27 per cent of UK's carbon dioxide emissions that come from the construction, heating and powering of homes.
Matthew Slack, energy consultant at CAT, appreciated the initiative that would see zero carbon homes exempt from stamp duty. Slack, however, also stressed that new homes were only a fraction of the whole picture.
Slack stated: "We need to retrofit old properties with insulation, solar water heating and efficient boilers. Cost can be a barrier when it comes to taking up energy-saving technologies. Low cost or interest free loans would provide the incentive needed."
About Shakespeare Finance:
It is one of the leading independent finance brokers offering various financial products, such as secured and unsecured loans, as well as homeowner, tenant, personal, debt consolidation and adverse credit loans. Shakespeare Finance has been accredited by various financial regulatory authorities, including FISA and FSA.
