Leeds Building Society is taking a significant step toward promoting sustainability in the housing market with the launch of their new Green Mortgage product. Designed to encourage energy-efficient living, this mortgage product leverages a property’s Energy Performance Certificate (EPC) rating to offer attractive rates for environmentally responsible homeowners.
The Green Mortgage extends its preferential rates to homes with EPC ratings ranging from A to C, recognizing the energy savings associated with these high-efficiency properties. This means that those living in the most energy-efficient new-build homes will reap the benefits in the form of improved mortgage rates. Key features of this mortgage product include a fixed interest rate of 6.34% and a loan-to-value (LTV) option of up to 90%. Furthermore, Leeds Building Society is making it even more enticing by offering no application or completion fees and a complimentary standard valuation.