We’re seeing a growing number of people integrate environmentally friendly and carbon neutral choices into their everyday lives and there is no question that these choices will impact housing and mortgage options in the near future.
At Barclays, we want to ensure that our customers and clients have access to financing that places green principles at its core, helping them transition to a low-carbon and sustainable lifestyle.
With this pledge in mind, we’re delighted to confirm we’re making our Barclays Green Home Mortgage even more accessible, so more property purchasers buying an energy efficient new build home can be rewarded with a lower rate on certain fixed rate products compared to our standard range.
Product availability and key criteria
Available across all sourcing platforms from tomorrow, Wednesday 28th April, the application process and the eligibility criteria is the same as any other purchase, however, the home must be a new build bought directly from the builder or developer and have an energy efficiency rating of 81 or higher, or an energy efficiency band A or B.
The applicant will need to prove the energy efficiency rating of the property by providing one of the following:
- For fully built properties, a valid Energy Performance Certificate (EPC)
- A valid Predicted Energy Assessment certificate if the property remains under construction
Important – the house builders can verbally confirm the energy efficiency rating of the applicant’s property straight away, and this is enough to progress with the application.
However, please ensure the eligible EPC or PEA is obtained from the house builder and is submitted to us prior to the mortgage offer stage to ensure a smoother processing experience. Please be advised we are unable to progress the case to completion without receipt of one of them.
What products are available?
- 1.74% Help to Buy 2 Year Fixed, £749 fee, 75% LTV, Loans £25k – £450k
- 1.88% Help to Buy 5 Year Fixed, £749 fee, 75% LTV, Loans £25k – £450k
- 3.62% 2 Year Fixed, £0 product fee, 90% LTV, Loans £5k £570k
- 3.62% 5 Year Fixed, £0 product fee, 90% LTV Loans £5k – £570k
The good news just keeps on coming!
In addition to this launch, we’re also making a number of rate reductions across a selection of products within our Residential Purchase, Remortgage and Reward ranges.
Look out for another email within the next hour which will provide all the details of these positive product changes and include an updated intermediary rate guide.
Thank you for your continued support
