Ecology Building Society has enhanced its mortgage offering, introducing further rate reductions.
Effective immediately, the society has further reduced the rate on its Self-Build Mortgage product by an additional 0.25%, taking the new rate down to 5.99%.
It has also reduced the rate on its newly-launched Eco Home Mortgage to 4.90% variable.
This product is available to homes with an Energy Performance Rating of B or above, and includes a full-term ‘eco home’ discount of 1.14%.
In addition, the society has reduced its Standard Variable Rate (SVR) by 0.25%, across its whole range of residential and commercial mortgage deals.
Daniel Capstick, Ecology’s senior mortgages product and proposition manager, said: “We’re pleased to make these rate reductions as part of a review across our mortgage range.
“It’s important that we ensure our products, whether mortgages or savings, remain aligned with the reasons Ecology was created back in 1981 – to support the building of sustainable homes and communities.
“We’ve always led the way on self-build and green home finance and in the past four decades have grown our understanding and specialist knowledge of non-standard builds which may be rejected by other lenders.”
He added: “We don’t use a ‘tick box’ approach to mortgage applications and our underwriting is bespoke to each case.
“And we reward our borrowers’ efforts to reduce their carbon footprint, with our innovative C-Change discount, which can save them up to 1.50% on their mortgage rate when they improve their home’s energy efficiency.”
