Green mortgages launched for borrowers with energy efficient homes

2 August 2021

Leeds Building Society has become the latest lender to offer mortgages with perks for customers who have energy efficient homes.

It is set to launch two new cashback mortgages which are for borrowers whose homes are classified in the top three tiers – A to C – on the energy performance scale.

The new mortgages, which offer customers £500 cashback on completion and have rates starting at 2.33% for a borrowers with a 10% deposit, are only available through intermediaries or brokers. However, they are part of an expanding group of deals hitting the market which are offering customers with incentives to boost their home’s energy efficiency.

When a new home is built, sold or rented an Energy Performance Certificate (EPC) is required. It assesses how energy efficient the property is on a scale of A to G – A being the most efficient.

Matt Bartle, director of products for Leeds, said: “As well as being the right thing to do for the planet, ensuring your home is as energy efficient as possible can save money longer term and we’re looking at more ways to share our knowledge and support our members as they look to reduce their environmental impact.”

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