We’ve launched two new mortgages for the most energy efficient homes
Those who choose a ‘greener’ home may be able to take advantage of one of our new Green Mortgage products.
As a Society, we’re dedicated to reducing our carbon footprint and we’re keen to support those who want to do the same. Our two new Fixed Rate Green Mortgage products are for properties with an Energy Performance Certificate (EPC) rating of A-C or a Predicted Energy Assessment (PEA) rating of A-C, if the property is a new build.
Not only have we launched two new products, we were also one of the first lenders to join the Green Finance Institute’s Coalition for the Energy Efficiency of Buildings and our new products align with the Institute’s Green Home Finance Principles.[i]
Each comes with £500 cashback after completion, a free standard valuation up to £999, and are available initially only through intermediaries. Both products also have a £999 product fee.
Matt Bartle, our Director of Products said:
“We’re really pleased to be one of the first building societies to sign up to the Green Home Finance Principles created by the Green Finance Institute, as part of our responsible business strategy.
“For almost a century and a half, we’ve been moving with the times as our members’ needs have changed and I’m proud we’re able to demonstrate our values by making a direct link between our products and positive environmental action.
“The Society is making good progress against the challenging targets we’ve set ourselves to reduce our own carbon footprint, helped by our move to a new head office we refurbished to upgrade its EPC rating from D to A.
“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.”
Emma Harvey, Director, Green Finance Institute said:
“We are delighted to see Leeds Building Society, a valued member of our Coalition for the Energy Efficiency of Buildings, supporting the growth of the green mortgage market with these new products, which tap into increasing consumer awareness of the need to decarbonise our homes.”
[i] The Green Finance Institute’s Green Home Finance Principles seek to create an industry-recognised framework of market standards and guidelines, which provides a consistent and transparent methodology for the application of financial proceeds towards the purchase, retrofit, or self-build construction of domestic buildings that achieves verifiable environmental benefits.