Borrow from £1,000 to £25,000 and repay from your salary at rates from as low as 4.5% APR.


Get into the savings habit with regular savings deducted directly from your armed forces salary.

About us

Forces Finance is delivered in partnership between London Mutual Credit Union and the MOD.

How it Works

Decide how much you’d like to save each month or borrow, and we’ll arrange the with your employer.

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Financially smart ways to give your rented flat some TLC

Some home improvements can be cost effective, by reducing monthly costs. Check out our financially savvy home improvements for renters.
person with drill

As we head into uncertain times you might find yourself looking into doing some money-saving home improvements. Some home improvements can be cost-effective in the long run, by reducing your monthly costs. Check out our 5 financially-savvy home improvements you can make even if you rent your home, and find out how to spread the cost with London Mutual Credit Union.

Get a Smart meter Fitted

You can ask your energy supplier to install a new smart meter if you don’t have one already. You should also be offered a digital in-home display with the meter which will allow you to keep an eye on your spending and plan for upcoming bills. Read more information about smart meters to decide if installing one is right for you on the Citizen’s Advice website.

Switch your shower head

Most people know that a shower can be cheaper than a bath as it uses less water. But, with the wrong shower head, you could waste just as much. Check out the Which? guide to Eco Shower heads, and find one that will save you money and be good for the planet too.

Watch your windows

As well as insulating your home, it’s also important to keep the heat from escaping through the glass. Double or triple glazed windows can help save money on bills so it may be worth asking your landlord to make the investment. Cheaper options that you can install yourself include window film (read more about it on the Money Saving Expert forum) and draft excluding self-adhesive strips.

Stop drafty doors

According to the Energy Saving trust this is one of the cheapest and most effective ways to save energy, which in turn saves you money. And, even better, you can do it yourself. Key-hole covers, letterbox brushes, and draft excluders are all small and relatively cheap options that you can buy online and install yourself.

Ask your landlord to make home improvements for free

There are a number of grants available to help you make energy-efficient improvements to your home such as insulation and boiler replacements. Insulating your home can cut your heating bills by up to £290 a year. Energy-efficient appliances such as washing machines and dryers could also reduce the cost of monthly bills. They may have a larger upfront cost but will save money in the long run. Find out more here (for homeowners), and here (for landlords).

Good to Know

The contents of this article are intended for informational purposes only, and do not constitute financial advice. Always consult a qualified professional for independent advice if you are unsure about whether a financial product or strategy is suitable for you.

All loans are subject to our loans policy and availability. The amount and rate that we may offer you may differ based on our assessment of your personal circumstances. Applying for a loan may affect your future ability to take out credit.

Holly Hunt

Holly is Digital Marketing Officer at London Mutual, and oversees our online content, email newsletters and promoting our services to members.

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