Residential Mortgage Discounts for Energy Efficiency Measures

Ecology Building Society have just launched a new retrofit mortgage discount that rewards energy efficient improvements to all kinds of residential property.

A winner of the Homebuilding & Renovating Product Excellence Awards 2011, Ecology Building Society has been providing a unique brand of green mortgages for around 30 years, lending on properties that benefit the environment.

They have just launched a new retrofit mortgage discount that applies to the whole of the mortgage and rewards energy efficient improvements to all kinds of residential property*.

The Ecology Building Society developed the C-Change mortgage discount in response to the impact of modern living on domestic energy demands and the environment, with households across Britain accounting for over 27% of the UK’s total carbon emissions.

There are a number of mortgage plans and C-Change discounts available such as C-Change energy improvements, which gives a 1% discount off the standard variable rate, on funds borrowed to install energy efficiency solutions or renewable energy systems**.

Examples of energy efficiency solutions that qualify for the discount include:

  • Installing external or internal wall insulation
  • Installing roof and floor insulation
  • Double or triple glazing
  • Installing low water-use appliances
  • Installing a condensing boiler

Examples of renewable energy systems include:

  • Solar water heating
  • Photovoltaics
  • Wind turbines
  • Ground source heat pumps
  • Biomass heating

For full details visit http://www.ecology.co.uk/

Sources: *Homebuilding & Renovation and **Ecology Building Society websites.