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Foundation Home Loans has launched a number of Green Reward remortgage deals for residential borrowers.
In February the lender launched similar deals for landlords.
The newly-launched products are designed to reward borrowers who have made energy-saving home improvements.
However, the lender does not stipulate what type of upgrade the borrowers must have made.
The only requirement is that the property has an energy performance certificate (EPC) rating of C or above.
Foundation says its residential mortgage deals are aimed at borrowers who would narrowly miss out on high-street loans because of their credit score.
The Green Reward products come with a reduced fee of £595 instead of £995 on its standard remortgage deals.
Foundation Home Loans has launched a ‘Green Reward’ remortgage for landlords.
The 5-year fixed-rate mortgage for landlord borrowers is available on a remortgage-only basis on private rental sector properties which have an Energy Performance Certificate (EPC) rating of ‘C’ or above.
The EPC should be dated within the last 12 months, except for listed properties which are not eligible.
For those that qualify, Foundation is offering a 3.75% rate up to 75% LTV, with £750 cashback on completion plus a reduced fee of 0.75%.
Foundation hopes the product will act as a catalyst to support the reduction of the carbon footprint from UK residential properties.
Specialist lender Foundation Home Loans has launched a ‘green reward’ BTL product for properties that have a higher energy performance rating. This five-year fixed rate deal is available on a remortgage-only basis to rental properties with an Energy Performance Certificate (EPC) rating of ‘C’ or above. All rental