Would you like to do your bit for the environment, while potentially saving some money on your energy bills? If so, the Home Energy Efficiency loan could be right for you. With this additional loan, you can purchase energy saving measures for your home at a discounted rate with flexibility built-in.
Key features
Below is a comparison between our Home Energy Efficiency Additional Loan and an additional loan taken at our Standard Variable Rate.
|
Loan Type |
Home Energy Efficiency Additional Loan |
Additional Loan taken at Standard Variable Rate |
|---|---|---|
|
Rate |
3.49% variable (1.50% less than our SVR) in years 1 to 5, then |
4.99% variable for the term of your additional loan |
| The overall cost for comparison is: | 4.4% APR | 5.2% APR |
|
Term |
5 years |
The term of your additional loan |
|
Product fees |
None |
£95 |
|
Minimum loan |
£1,000* |
£3,000 |
|
Maximum loan to value |
up to 85% LTV |
Up to 75% LTV |
|
Early repayment charge |
None |
None |
|
Overpayments |
Unlimited |
Unlimited |
|
Higher Lending charge |
None |
None |
|
Offset version available |
Yes |
Yes |
* Up to a maximum loan of £15,000
Home improvements permitted with this loan
We suggest that the improvements described in project 7 are not carried out until the other measures are in place i.e. projects 1-6, to maximise the energy efficiency of your home.
If you plan to undertake an energy efficient home improvement not on this list, please contact us and we may be able to consider it.
Conditions
It is a condition of your Home Energy Efficiency Additional loan that it is only used towards one or more of the list of energy efficiency measures set out above and in the factsheet for the Home Energy Efficiency product. If you do not use the additional loan wholly for this purpose, you will be in breach of the terms and conditions of your additional loan. We reserve the right to request invoices and receipts as evidence that your additional loan has been used in accordance with the purposes of this mortgage product.
How to apply:
Yorkshire Building Society is one of the largest building societies in the UK. We offer a range of financial products and services including: savings & investment accounts, insurance products, loans, mortgages and more.
Get in touch with us:
Yorkshire Building Society is authorised and regulated by the Financial Services Authority (FSA).