Skipton Building Society has added two green additional borrowing products to help customers improve the energy efficiency of their homes.
This includes a two-year tracker product priced at 1.09 per cent, which is for existing residential customers and is available up to 90 per cent loan to value (LTV) for repayment mortgages and 80 per cent LTV for interest-only mortgages.
There is also a two-year tracker with a rate of 1.39 per cent for existing buy-to-let customers. It is available up to a maximum of 75 per cent LTV.
Both come with no fee, no early repayment changes and the typical affordability assessment for additional borrowing applies.
Borrowers can access between £5,000 to £50,000, and at least half of the loan amount has to be utilised for green home improvements.
This could include insulation, new windows or doors, installing biomass boilers and using air source or ground source heat pumps.
Jennifer Lloyd, senior mortgage product manager at Skipton Building Society, said: “We’re thrilled to be launching these new products to help your clients make green home improvements, as we all work towards reducing our carbon footprint and building a greener future together.”
The products are also in-line with the Green Finance Institute’s green home finance principles, which offer methodology to help firms allocate financial proceeds to purchase, retrofit, or self-build renovate domestic buildings.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
