For us to apply the C-Change energy improvements discount, once your work is complete you need to provide us with all applicable invoices of energy measures installed.
The discount is applied to our Standard Variable Rate when we receive invoices for completed work for eligible energy measures.
| Energy Standard | Ratings | Buy-to-let Variable Rate | Discount % | Variable Mortgage Rate |
|---|---|---|---|---|
| Passivhaus | Passivhaus | 5.15% | 1.25% | 3.9%. |
| Energy Performance Certificate (EPC) | A or above | 5.15% | 0.75% | 4.40% |
| Code for Sustainable Homes (CSH) | Code Level 4 | 5.15% | 0.75% | 4.40% |
| Code for Sustainable Homes (CSH) | Code Level 5 | 5.15% | 1.00% | 4.15% |
| Code for Sustainable Homes (CSH) | Code Level 6 | 5.15% | 1.25% | 3.90% |
| AECB | Silver | 5.15% | 0.75% | 4.40% |
| AECB | Gold | 5.15% | 1.25% | 3.90% |
| For whole house renovations: C-Change Retrofit | Ratings | Variable Rate | Discount | Variable Mortgage Rate |
|---|---|---|---|---|
| Energy performance Certification for retrofit projects (EPC) | EPC rating improvement | 5.15% | 0.25% per grading improvement | 4.9%-3.65% |
| C-Change Energy Improvement discount | Ratings | Variable Rate | Discount | Variable Mortgage Rate |
|---|---|---|---|---|
| For specific energy improvement works | Evidenced via invoices and our C-Change energy improvement checklist | 5.15% | A 1.00% discount is applied on funds borrowed specifically for qualifying energy improvement works (see C-Change energy improvement checklist) | 4.15% on funds borrowed specifically for qualifying energy improvement works 5.15% for funds borrowed that are not related to qualifying energy improvement works to the property |
| For new builds: C-Change sustainable homes discount Energy Standard | Ratings | Buy-to-let Variable Rate | Discount % | Variable Mortgage Rate |
|---|---|---|---|---|
| Passivhaus | Passivhaus | 6.79% | 1.50% | 5.29% |
| Passivhaus | PHPP Modelled | 6.79% | 0.75% | 6.04% |
| Energy Performance Certificate (EPC) | A++ (SAP rating 110+) | 6.79% | 1.25% | 5.54% |
| Energy Performance Certificate (EPC) | A+ (SAP rating 100-109) | 6.79% | 1.00% | 5.79% |
| Energy Performance Certificate (EPC) | A (SAP rating 92-99) | 6.79% | 0.75% | 6.04% |
| Energy Performance Certificate (EPC) | B (SAP rating 88-91) | 6.79% | 0.50% | 6.29% |
| Association for Environment Conscious Building (AECB) | AECB CarbonLite Building Standard | 6.79% | 1.00% | 5.79% |
| For whole house renovations: C-Change retrofit | Ratings | Buy-to-let Variable Rate | Discount | Variable Mortgage Rate |
|---|---|---|---|---|
| Energy Performance Certificate (EPC) for retrofit projects | EPC rating improvement | 4.90% | 0.25% per grading improvement | 4.65% - 3.40% |
| C-Change energy improvement discount | Ratings | Buy-to-let Variable Rate | Discount | Variable Mortgage Rate |
|---|---|---|---|---|
| For specific energy improvements works | Evidenced via invoices and our C-Change energy improvement checklist*** | 6.79% | A 1.00% discount is applied on funds borrowed specifically for qualifying energy improvement works (see C-Change energy improvement checklist***) | 5.79% * 6.79% ** |
* on funds borrowed specifically for qualifying energy improvement works
** for funds borrowed that are not related to qualifying energy improvement works to the property
*** C-Change energy improvement checklist
Do we need to provide planning permission for a new build development?
Yes, we require detailed planning permission for an application.
What information do we need to progress a mortgage application?
We will need to be satisfied that you have enough income or surplus to meet the mortgage repayments and we’ll need to see a business plan showing the forecast income and expenditure for the organisation together with copies of your past three years’ accounts.
What deposit do we need for our mortgage?
You need a minimum deposit of 30% of the purchase price or value of the property(ies) being mortgaged, whichever is the lower.
Do we still need a deposit if we already own the land and have planning permission?
No, you don’t always need a deposit; we can lend based on the value of your land or property, providing you already own the land and it’s mortgage-free. Also, if you need us to, we can help you repay any outstanding finance on the land.
How long do we have to complete a new build or renovation project?
Subject to planning constraints, we allow a maximum of 2 years for you to complete the project.
Do you offer stage payments?
Yes, although we do not release payments at set construction milestone stages (e.g. foundation, wall plate etc). We release funds as and when the build progresses and release up to a percentage of the increased value of the property.
Can we have interest-only during a new build or renovation phase?
Yes, we can consider an interest-only period during the construction or renovation phase.
Does Ecology require a particular build warranty on completion of my project?
A build warranty is not a mandatory lending requirement of our mortgage and we are happy with a Building Regulation Completion Certificate. However, if you wish to take out a build warranty for the completion of the property then this is acceptable to the Society.
Do we need to have been established for a minimum period before you will lend to us?
Yes, you need to have a minimum of three years’ trading or accounting history.
How much will our mortgage cost a month?
As soon as we know that we can help, we’ll provide you with an indicative illustration, showing how much your monthly repayment will be for the amount you want to borrow, over the term you require.
Our service, fees, tariffs and charges
The Society reserves the right to amend existing services and charges, or to introduce new ones.
Any change to charges will only reflect the increased operational costs of providing the service. You will always be notified before any changes are implemented.
For further details and tariff information please see our commercial rates and charges leaflet.
Normally you will be purchasing a property that is already fully completed and to qualify for our mortgage the property must be classified as an energy efficient property. You will need to provide us with evidence that the property achieves one of the Energy Standards ratings in the table below.
| Energy Standard | Ratings | SVR (Standard Variable Rate) | Discount % | Variable Mortgage Rate |
|---|---|---|---|---|
| Passivhaus | Passivhaus | 4.65% | 1.25% | 3.40%. The overall cost for comparison is 4.80% APRC representative. |
| Energy Performance Certificate (EPC) | A | 4.65% | 0.75% | 3.90%. The overall cost for comparison is 4.80% APRC representative. |
| Energy Performance Certificate (EPC) | B | 4.65% | 0.50% | 4.15%. The overall cost for comparison is 4.80% APRC representative |
| Code for Sustainable Homes (CSH) | Code Level 4 | 4.65% | 0.75% | 3.90%. The overall cost for comparison is 4.80% APRC representative |
| Code for Sustainable Homes (CSH) | Code Level 5 | 4.65% | 1.00% | 3.65%. The overall cost for comparison is 4.80% APRC representative |
| Code for Sustainable Homes (CSH) | Code Level 6 | 4.65% | 1.25% | 3.40%. The overall cost for comparison is 4.80% APRC representative |
| Association for Environment Conscious Building (AECB) | Silver | 4.65% | 0.75% | 3.90%. The overall cost for comparison is 4.80% APRC representative |
| Association for Environment Conscious Building (AECB) | Gold | 4.65% | 1.25% | 3.40%. The overall cost for comparison is 4.80% APRC representative |
Your eligible deposits with Ecology Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.
Download the FSCS leaflet for further details or visit www.fscs.org.uk | FSCS Information Sheet
