Skipton Building Society is introducing three additional green borrowing mortgages to its range from today (Monday the 12th of December).
This move towards further sustainability follows the Society’s announcement that it is prepared to invest £11m in greening UK homes by giving all of its mortgage customers a free EPC plus assessment and report.
Through Skipton’s additional green borrowing mortgage products, borrowers can access between £5,000 to £50,000, and at least half of the loan amount has to be utilised for green home improvements – this could include insulation, new windows or doors, solar panels, installing biomass boilers and using air source or ground source heat pumps.
Charlotte Harrison, head of mortgage products at Skipton, said: “At Skipton, we know home energy efficiency is a huge societal challenge where everyone needs to play their part.
“It is only right that the business community steps up to the mark, and as a customer-owned organisation we’re not only reinvesting some of our profits to help our members save money and improve the energy efficiency of their homes through offering free EPC Plus reports and assessments, but we’re helping to also provide ways for them to make green changes to their homes.
“That’s why we’re delighted to add three new additional green borrowing products to our range, to encourage our customers to make green home improvements that will not only help reduce their future energy bills but will also help towards reducing their carbon footprint.”
The three new green borrowing products include a 2-year fixed rate 95% loan-to-value (LTV) residential at 4.90% with £0 fee, a 5-year fixed rate 95% LTV residential at 4.75% with £0 fee, as well as a 5-year fixed rate 75% LTV buy-to-let at 4.95% with £0 fee.
