Once it has been applied, the discount will be payable for the duration of the mortgage term held with Ecology. An illustrative example of the cost saving is below.
This shows a £150,000 mortgage over a 25-year term, payable at our standard variable rate (currently 4.65%). The graph compares the total amount repayable without a discount with the total cost repayable if your project achieved an energy performance certificate rating of A after 12 months within the 25-year mortgage term.
<insert illustrative graph – figures to be provided so that JW can create interactive/animated graph>