Could your residential remortgagers benefit from a Green Rewards cashback remortgage?
Foundation Home Loans, the intermediary-only specialist lender, has today launched a set of 75%
and 85% LTV residential ‘Green Reward’ remortgage fixed rates over two- and five-year terms as part
of its residential range.
The new product is available to existing owner-occupier borrowers who have made improvements to
their home, who must have obtained an Energy Performance Certificate (EPC) rating of ‘C’ or above –
dated within the last 24 months.
- £750 cashback on completion
- Up to 85% LTV
- Reduced product fee of £595, normally £995
- Deliberately simple criteria: specific types of improvements stipulated
The products are only available on a capital and interest repayment basis.
The product has been designed to offer a greater degree of choice for those conscientious
homeowners who are not able to access high-street lenders, but who undoubtedly should be
rewarded for improving the energy efficiency of their home. It is hoped that the product will act as a
further catalyst to support the reduction of the carbon footprint from UK residential properties.