At Skipton Building Society, we recognise the importance of greening the UK housing market so that we can all play our part in achieving net zero emissions by 2050.
Therefore, we’re delighted to announce that today we launch two new Green Additional Borrowing products, which have been created in line with the Green Finance Institute’s Green Home Finance Principles.
These are:
- 2 Year Base Rate Tracker at 1.09% variable for existing Residential customers only. Available up to a maximum LTV of 90% for repayment mortgages and 80% for interest only mortgages. No fee.
- 2 Year Base Rate Tracker at 1.39% variable for existing Buy to Let customers only. Available up to a maximum LTV of 75%. No fee.
Further details:
- Our Green Additional Borrowing products are attractively priced, to help your clients improve the energy efficiency of their homes.
- There are no Early Repayment Charges.
- Your clients can borrow between £5,000 and £50,000 and at least 50% of the loan amount must be used for green home improvements. Green improvements could include but are not limited to: insulating the property, installing new windows/doors, switching to air source or ground source heat pumps and installing bio-mass boilers.
- As with all additional borrowing, an affordability assessment applies.
“We’re thrilled to be launching these new products to help your clients make green home improvements, as we all work towards reducing our carbon footprint and building a greener future together.”
-Jennifer Lloyd -Senior Mortgage Product Manager
