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The Nationwide Building Society has boosted support for those keen to improve the energy efficiency of their homes by reducing the interest rate on Green Additional Borrowing to zero per cent for its mortgage holders.
Offer comes amid growing pressure on government and businesses to help tackle emissions
Nationwide Building Society is making reductions of up to 0.45 percentage points across some products, including fixed and variable rates.
The Co-operative Bank has launched green additional borrowing products for its existing customers. Eligible Co-operative Bank, Britannia and Platform mortgages holders will be able to use the bank’s new energy-saving improvement tool, powered by Energy Saving Trust, to create a personalised energy-saving improvement
Nationwide has increased rates across its two, three, five and 10-year fixed products up to 95% loan to value (LTV), effective 20 May. For first-time buyers, rates have increased by between 0.05% and 0.25%, while for those looking to move home, rates have risen between 0.02% and 0.20%. Remortgage rates have gone up