The monetary spend on the qualifying works will be eligible for a 1% reduction from your interest rate. The remaining amount of your mortgage will be charged at your standard interest rate.
The discount is payable for the duration of your mortgage term held with Ecology.
| Energy improvement measures which can benefit from the discount | SVR (Standard Variable Rate) | Discount % applied to funds used for energy improvements | Variable Mortgage Rate |
|---|---|---|---|
| Floor, wall and roof insulation Double or triple glazing Wet underfloor heating systems High efficiency condensing boilers Solar water heating Photovoltaics Wind turbines Ground source heat pumps Biomass heating Heat recovery systems Low water-use appliances Rain water harvesting | 4.15% | 1.00% applied on funds borrowed for qualifying energy improvement works (see C-Change energy improvement checklist) | 3.15% The overall cost for comparison is 4.30% APRC (Our 4.15% Standard Variable Mortgage Rate will apply to the rest of the mortgage) |
