Building and maintaining energy efficient homes is a central part of our country’s commitment to a greener and more sustainable future. With this at the forefront of a growing number of homeowners and landlords and tenants’ minds, it’s great to see many lenders taking note and introducing innovative ‘green’ mortgage products to meet this demand.
If you have recently made, or intend to make, energy efficient improvements to your property, a Green Mortgage could be the ideal solution. If you would like to know more about this range, please contact the Broadland Consultants expert mortgage adviser team.
One of our lending partners, Dynamo Mortgage Club, have rounded up a few of the most recent residential and buy to let additions to have hit the market, some examples are below:
Natwest Residential Mortgage Example:
Available for property purchases with an energy performance rating of A or B. Applicants can be first time buyers or existing homeowners.
Products available up to 85% LTV (80% LTV for new builds)
EPC requirements: there must be a valid EPC listed on the registers with a rating of A or B to be eligible. Proposed or anticipated EPC ratings are not accepted.
The Green Further Advance Mortgage gives you a lower initial interest rate than standard Further Advance mortgages.
To qualify, you must spend 100% of their new advance on energy efficient home improvements.
The Mortgage Works – Buy to Let Mortgage Example:
Lower initial interest rate compared to standard further advance product range.
No product fees with these mortgages
TMW may carry out checks to ensure appropriate work has been completed. This eligibility requirement is in addition to TMW’s standard further advance mortgage eligibility.
MORTGAGE DEALS SUBJECT TO AVAILABILITY, DEALS CORRECT AS OF APRIL 2021 & SUBJECT TO CHANGE. MORTGAGES APPLICATIONS & APPROVAL SUBJECT TO STATUS & T&C’S – YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
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