Santander has introduced a range of discounted rate mortgages for residential and buy-to-let (BTL) customers remortgaging a property with an Energy Performance Certificate (EPC) rating of A or B.
The products are available exclusively via brokers on mortgages from 60% to 85% loan-to-value (LTV).
In its residential range, the lender is now offering a 2-year fixed green remortgage up to 60% LTV with £999 fee at 4.10%, a 2 -year-fixed green remortgage up to 75% LTV with £0 fee at 4.65%, and a 2-year-fixed green remortgage up to 85% LTV with £999 fee, at 4.98%.
Additional residential products include a 5-year fixed rate up to 60% LTV with £999 fee at 3.81%, a 5-year fixed rate up to 75% LTV with £0 fee at 4.21%, and a 5-year fixed rate, up to 85% LTV with £999 fee at 4.45%.
In its BTL range, the lender is offering a 2-year-fixed green remortgage up to 60% LTV with £1,749 fee at 4.32%, a 2-year-fixed green remortgage up to 75% LTV with £0 fee at 4.98%, a 5-year fixed rate up to 60% LTV with £1.749 fee at 3.97%, as well as a 5-year fixed rate up to 75% LTV with £0 fee at 4.39%.
Michael Taylor, head of green finance – homes at Santander UK, said: “We know the cost of making a property energy efficient can be a barrier to home improvements.
“But it can be a worthy spend, with homes in EPC bands A and B likely to cost less to heat and produce lower CO2 emissions.
“We’re pleased to be able to add to the financial benefits of owning an energy efficient home with our new range of mortgages.”
He added: “In addition, we have an existing range of measures for customers who are still on their energy efficiency improvement journey – with details of financing options, specialist suppliers and installation services, as well as access to a free Energy Performance Certificate review available on our website.”
