Nationwide have launched a New Product for existing Mortgage members, the first of its kind. The product is designed to support members to make their home more energy efficient.
Nationwide are offering a 0% range for Further Advances with no interest to pay for up to five years. The Loan size is from £5,000 to £15,000 up to 90% Loan to Value. There are 2 & 5 Year fixed term options. The 0% rate stops when the fixed period ends and the amount will revert to the Standard Mortgage Rate, or you can switch to another rate subject to availability.
The entire loan must be spent on green home improvements such as:-
- Solar Panels
- Electric Car Charging Point
- Window Upgrades
- Boiler Upgrades
- Cavity Wall installation
- Loft Insulation
- Air Source Heat Pump
Members can use any local or national contractor: Only one 0% Green Additional Borrowing mortgage will be available per household, subject to meeting eligibility
Contact us for more information or an illustration.