The mortgage will be available to customers applying on the Just For You J2.5 loan to value (LTV) series which will be launched on 20 July 2020.
It follows the Chancellor’s Summer Statement where he announced a £2bn Green Homes Grant scheme. The scheme will see homeowners in England receive up to £5,000 per household to make energy saving improvements to their properties. Those on lower incomes will be eligible to receive up to £10,000.
Customers qualifying for the Just green lifetime mortgage will receive a 10bps discount on their mortgage rate and a £50 contribution to the cost of the EPC which will be received as cashback on completion of the advance.
Paul Turner (pictured), managing director of retail at Just Group, said: “Just has a proud history of helping financial advisers and intermediaries get the best outcomes for their clients.
“Our green lifetime mortgage offers customers with energy efficient homes the benefit of more attractive rates on their Just For You Lifetime Mortgage.”
The new J2.5 LTV tier in the Just For You suite of lifetime mortgages offers customers a larger LTV than the J2 LTV series, and a lower interest rate than the J3 LTV series. It also has a loan to value ranging from 23 per cent to 51.9 per cent dependent upon customer age.