Ecology Building Society has launched its ‘Eco Home Mortgage’, offering a full-term discount for those looking to buy or remortgage energy-efficient homes.
This variable rate mortgage comes with no application fee and allows for up to 80% loan-to-value (LTV) on properties with an Energy Performance Certificate (EPC) rating of B or above.
At launch, the interest rate is set at 5.15%, which includes a 1.14% ‘eco home’ discount.
Dan Capstick, mortgage product manager at Ecology, said: “Industry searches for ‘green mortgages’ spiked earlier this year, reflecting a growing trend in finding out more about living more sustainably and choosing energy-efficient homes.
“We expect our Eco Home Mortgage to be of great interest to homeowners already living in an energy-efficient property, who can now remortgage to Ecology, and to property purchasers of homes that meet our minimum EPC criteria.
“In both cases, customers will benefit from our full-term discount and from placing their mortgage with an ethical financial services provider that makes a positive impact on people, planet and communities.”
Capstick added: “As a building society created to offer mortgages for people who care about living more sustainably and reducing their environmental impact, greater consumer awareness about green finance is good news – and we’re pleased to be able to offer a solution.”
