Enable’s IFAs like to make sure their mortgage offers and understanding includes all that the market has to offer. Recently Foundation Home Loans has launched several green mortgages for both landlords and owner-occupiers.
They have called them the ‘Green ABC+’, and the products offer cashback ranging from £250 to £750, depending on the Energy Performance Certificate of the property being funded. The buy-to-let mortgages are available at up to 75% LTV on five-year fixes starting at 3.14%. Additionally, they charge a product fee of 0.5%.
There are fewer limits on the nature of your as a borrower and you can be an individual or run a limited company. Owner-occupier mortgages are available between 75% LTV and 85% LTV and come as two-year fixes at starting at 3.04%, with a product fee of £595.
They can be taken out on a capital repayment basis or interest-only.
“Energy efficiency amongst UK housing stock is only likely to become more central to the government’s green agenda.” Said Foundation Home Loans commercial director George Gee. “As one of the first specialist lenders to enter the ‘Green’ mortgage market, we remain committed to innovating ‘Green’ product options for both landlords and owner-occupier borrowers.
Enable’s IFAs in Bishops Stortford can see that although current government regulations only affect properties in the private rental sector, there is likely to be a growing demand for ‘Green’ mortgage products amongst owner-occupiers too. If you want to look at the full range of your mortgage options Enable is here to help you find the right mortgage to suit your needs and your concerns for the future.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage