Leeds BS unveils new green product

It offers reduced rates to residential property purchases on EPC 'A' to 'C' rated homes

Leeds BS unveils new green product

Leeds Building Society has launched a new green mortgage product, factoring in a property’s energy performance certificate (EPC) rating to offer preferential rates for the most energy-efficient homes.

Designed for residential property purchases on EPC ‘A’ to ‘C’ rated homes, the green two-year fixed rate mortgage is available up to 90% loan-to-value, at a fixed rate of 6.34%. Standard valuation is free, and there is no application or completion fee.

In July, the mutual adopted Hometrack’s EPC data solution, which provides up-to-date EPC data available in the market.

“Ensuring we are building a greener planet is at the heart of our purpose, putting home ownership within reach of more people, generation after generation,” commented Jonathan Thompson, senior mortgage manager at Leeds Building Society.

“As a responsible business, we are committed to the orderly transition to a greener, net zero economy by 2050. We have reduced our carbon footprint in recent years, and we hope this new mortgage product will support our members to do so too by rewarding those choosing to live in the most environmentally friendly homes.”

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