N&P’s new Green Four Year Fixed Rate Mortgages (5.64 per cent without incentives or 5.79 per cent with incentives) are available now for homebuyers and re-mortgagors of residential properties.
For every Green Fixed Rate Mortgage that is taken out, N&P will plant enough trees to “offset” the carbon dioxide emissions (“greenhouse gases”) caused by using fossil fuels in the home (for cooking, heating, lighting etc) for five years.
Gary Lacey, group product manager for N&P, said “We hope these fixed rate mortgages will stand out from the thousands currently available as there are no other four year fixed rates out there. Our objective is to raise awareness that housing causes more harmful emissions than cars! If we are responsible about making our homes more energy efficient then we can make a difference to global warming. Reduce, reduce, reduce – and what you can’t reduce, offset!”
Main Details - Green Four Year Fixed Rate Mortgage (without incentives)
Main Details - Green Four Year Fixed Rate Mortgage (with incentives)
Flexible features – over-payments/underpayments/payment holidays