Santander UK has introduced a range of discounted rate mortgages for residential and Buy to Let customers remortgaging a property with an EPC rating of A or B. The products, available exclusively via brokers on mortgages from 60-85% LTV, and offering a discount of 0.10% on standard remortgage rates, include:
Residential:
60% LTV, two-year-fixed green remortgage, £999 fee, at 4.10%1
75% LTV, two-year-fixed green remortgage, £0 fee, at 4.65%
85% LTV, two-year-fixed green remortgage, £999 fee, at 4.98%
60% LTV, five-year fixed rate, £999 fee, at 3.81%
75% LTV, five-year fixed rate. £0 fee, at 4.21%
85% LTV, five-year fixed rate, £999 fee, at 4.45%
Buy-to-let:
60% LTV, two-year-fixed green remortgage, £1,749 fee, at 4.32%
75% LTV, two-year-fixed green remortgage, £0 fee, at 4.98%
60% LTV, five-year fixed rate, £1.749 fee, at 3.97%
75% LTV, five-year fixed rate. £0 fee, at 4.39%
The full list of rates can be found on Santander's website.
Michael Taylor, Head of Green Finance, Homes, at Santander UK said:
“We know the cost of making a property energy efficient can be a barrier to home improvements. But it can be a worthy spend, with homes in EPC bands A and B likely to cost less to heat and produce lower CO2 emissions. We’re pleased to be able to add to the financial benefits of owning an energy efficient home with our new range of mortgages.”
“In addition, we have an existing range of measures for customers who are still on their energy efficiency improvement journey – with details of financing options, specialist suppliers and installation services, as well as access to a free Energy Performance Certificate review available on our website.”
Ends
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Notes to Editors:
- The pricing for properties rated EPC C or below are:
Residential:
- 60% LTV, two-year-fixed remortgage, £999 fee at 4.20%
- 75% LTV, two-year-fixed green remortgage, £0 fee, at 4.75%
- 85% LTV, two-year-fixed green remortgage, £999 fee, at 5.08%
- 60% LTV, five-year fixed rate, £999 fee, at 3.91%
- 75% LTV, five-year fixed rate. £0 fee, at 4.31%
- 85% LTV, five-year fixed rate, £999 fee, at 4.55%
Buy to let:
- 60% LTV, two-year-fixed green remortgage, £1,749 fee, at 4.42%
- 75% LTV, two-year-fixed green remortgage, £0 fee, at 5.08 %
- 60% LTV, five-year fixed rate, £1,749 fee, at 4.07%
- 75% LTV, five-year fixed rate. £0 fee, at 4.49%