Most properties in the UK are issued with an Energy Performance Certificate (EPC) which measures the building’s current energy efficiency and its potential efficiency. We have developed our Retrofit discounts to reward renovators who improve the energy efficiency of their property. On the completion of your renovation, a discount of 0.25% off your interest rate is awarded for every EPC grade improvement you make to the property.
We recognise that some renovation projects go beyond the EPC criteria, so we also include the Passivhaus EnerPHit standard and the AECB Standard Retrofit in our renovation discount group.
| Energy Standard | Ratings | VR (Variable Rate) | Discount % | Variable Mortgage Rate |
|---|---|---|---|---|
| Energy Performance Certificate (EPC) | Rating improvement | 6.29% | 0.25% for each grade | 6.04%-4.79%. The overall cost for comparison is 6.3% APRC. |
| Passivhaus | EnerPHit or EnerPHit+i | 6.29% | 1.50% | 4.79%. The overall cost for comparison is 5.0% APRC |
| Passivhaus | EnerPHit (PHPP Modelled) | 6.29% | 0.75% | 5.54%. The overall cost for comparison is 5.8% APRC |
| Association for Environment Conscious Building (AECB) | AECB CarbonLite Building Standard | 6.29% | 1.00% | 5.29%. The overall cost for comparison is 5.5% APRC |
