Incentivising borrowers to make a greener property purchase is the latest plan from Nationwide Building Society, which has set aside £1bn to help borrowers buy energy-efficient properties.
The lender is planning to launch a range of “green” mortgages with preferential interest rates for borrowers buying new-build properties with an ‘A’ rated energy performance certificate.
The lender has also pledged to offer loans up to £25,000 with a starting interest rate of just 1% for the first two years to homeowners wanting to retrofit their homes with energy-efficient measures.
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