Eco Home Mortgage
Our Eco Home Mortgage has been created especially for first-time buyers, families and retirees purchasing or re-mortgaging an energy efficient home. Our mortgage rewards homebuyers for choosing high EPC rated homes through our unique full term mortgage discount. We also support non-standard construction (for example, timber frame) of new builds that many high street lenders may not accept. That’s the Ecology difference!
Your home may be repossessed if you do not keep up repayments on your mortgage
Trusted since 1981
Pioneers in providing energy-efficient self-build mortgages
Experts in specialist mortgages
We’ve lent to over 4,500 unique properties and projects
Flexible decision making
We take a case-by-case approach to every project
Discounts for energy-efficiency
Our full-term mortgage discount rewards you for owning an energy efficient home
Open to the unusual
We’ll consider a wide range of non-standard construction types
Ecology is a specialist mortgage provider for properties that have a positive environmental or social impact. An energy efficient home not only provides comfort and well-being but is also more sustainable for the environment and, by reducing day-to-day running costs, for your pocket too. That’s why we reward borrowers for choosing a higher EPC rated home with our discounted Eco Home mortgage.
- We’ll lend based on a full affordability assessment and at a maximum Loan To Value of 80%.
- Applicants must be aged 18 years or over. The mortgage is only available to UK residents.
- A maximum mortgage term of 30 years is available (subject to eligibility).
- Mortgages are available on a repayment, interest only or part (repayment) and part (interest only) subject to eligibility.
- The property must have a minimum EPC rating of 85 or higher to be eligible for this product. If the property is a new build in development, please provide a copy of the predicted energy assessment.
- If the property is built in the last 10 years, the property must have an acceptable build warranty (subject to eligibility).
- The mortgage is available for non-standard construction types (for example, timber frame or clad) providing the property complies with the Society’s requirements.
- This product is only available for houses, not flats.
- This product is available to all property located in the UK.
- This product is not eligible for C-Change Discounts.
- Builder Gifted Deposits and Incentives are not accepted.
Eco Home 80% Mortgage
- Higher EPC (85 or higher) properties rewarded through our full term mortgage discount
- We support non-standard construction (e.g. timber frame)
- No application fee
- Available for house purchases or re-mortgages (subject to eligibility)
Representative example
This is an illustration of a typical mortgage and its total cost. It looks at a mortgage of £225,000, paid over 25 years on a discounted variable rate of 5.15%. This mortgage would need one monthly payment of £2,287.47 and 299 monthly payments of £1,335.07 to pay off. The total amount paid would be £401,803.40. This includes the loan amount (£225,000), interest (£176,473.40), and a valuation fee (£330). This illustration assumes the cost of the property is £350,000.
The overall cost for comparison is 5.30% APRC representative.
APRC (Overall Percentage Rate of Change) shows you, as a percentage, the annual cost of a secured loan or mortgage. It brings together all charges (such as fees and other costs), calculated as if you kept your secured loan or mortgage for the full term without changing it.
Fees and charges
- An early repayment charge may be payable if you repay all or part of your mortgage within the first three years.
- A minimum interest rate of 3% applies to the product. This means the interest rate for this product will never fall below 3%.
- No application fee is payable with this product but our standard valuation fee will apply
- Read our full list of fees and charges for more information.
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Our awards
NaCSBA Gold Partner - 2022
Mortgage calculator
Our mortgage calculator is for illustrative purposes only and is designed to give an indication of the amount that we may be able to lend. The actual amount that we may be able to lend will depend on a full assessment of affordability, the property value and the size of your deposit.
Your home may be repossessed if you do not keep up repayments on your mortgage
Eco Home Mortgage FAQs
To speak to our friendly mortgage advisors, you’ll need to provide your financial details to obtain a decision in principle. When you’re ready to fully apply, you’ll need to have a specific property in mind. When you’re ready to apply for the mortgage, we’ll ask you for:
- Income & expenditure documents
- Availability of your deposit
- A copy of the energy performance certificate for the property
- A copy of the build warranty or building certificate
The property much have a minimum EPC rating of 85 or higher to be eligible for this product. If the property is a new build and not yet fully completed, please provide a copy of the predicted energy assessment.
An EPC (Energy Performance Certificate) rating is a measurement of the energy efficiency of a building. It is typically required when selling or renting a property in many countries, including the UK. The rating is based on factors such as insulation, heating systems, and the overall energy use of the property.
The rating scale typically ranges from A (very efficient) to G (inefficient), with A being the best and G being the worst. A higher EPC rating indicates that the property is more energy-efficient, which can mean lower energy bills and a smaller environmental impact.
If the property is built in the last 10 years, the property must have an acceptable build warranty or a Professional Consultant’s Certificate, for any property constructed after the first 10 years period this is not required.
You will need a minimum deposit for a purchase of 20% or for a remortgage a minimum of 20% of equity remaining in the property.
For a purchase you can borrow up to 80% of the purchase price or valuation (whichever is lower), for a remortgage we can cover any secured lending on the property or any works to be spent on improving the property.
Yes, although we do offer a buy-to-let mortgage. Please bear in mind that we don’t offer mortgages for second homes, holiday homes or homes classed as mobile planning.
The mortgage is available for non-standard construction types (eg timber frame/clad) providing it complies with our ecological requirements of a minimum 85B EPC, buildings insurance can be obtained, and the valuer confirms the condition and marketability of the property are satisfactory.
Get in touch
Simply fill in the form and one of our qualified mortgage advisers will be in touch to discuss your options
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