Yorkshire Building Society are now offering a low rate mortgage with an environmental slant in a bid to attract consumers looking to save money and help the planet. The new Yorkshire mortgage loan is part of a wider green trend that sees companies from sectors as diverse as utilities and insurance offering eco-friendly financial services products.
Yorkshire ’s offering is a loan called the Home Energy Efficiency Additional Loan, offered at a discount of 1.5 per cent off the standard variable rate. This mortgage loan encourages the borrower to spend on home improvements to increase the energy efficiency of the house.
Energy efficiency can have a serious financial impact on the home, and this new release could save money in the long run. A spokesperson for Yorkshire Building Society reportedly commented: "Our first step is introducing an additional loan for existing customers which will only be available for approved energy efficiency home improvements ."
London and Country, a fee-free mortgage broker, has stated that all of their mortgage loans from now on will be eco-friendly.
Green mortgages from Yorkshire Building Society
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Green mortgages from Yorkshire Building Society
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