Details of our mortgage schemes
Ecology residential mortgages
Residential mortgage discounts
Buy-to-let mortgages
Interest-only loans for retired borrowers
Part-residential mortgages
Small woodland mortgages
Mortgages for housing co-operatives
Lending facilities for housing associations
Commercial mortgages
Buy-to-let mortgages
Our Buy-to-Let mortgages are available for properties in need of renovation or conversion, ecological new builds, timber built homes, back-to-back terraces etc. These mortgages operate very similarly to our residential mortgages, the main differences being:
- The maximum loan-to-value is 80%
- The amount you can borrow is based on the potential rental income of the property, which is assessed by our valuer. The rental income must exceed the monthly mortgage interest charge by at least 30%
- Buy-to-Let mortgages do not qualify for the 0.25% long-term discount or any other discounts that apply to residential owner occupier mortgages
- We do not require evidence of your repayment vehicle for interest-only Buy-to-Let mortgages
For further details of our Buy-to-Let mortgages view or download our Buy-to-Let Mortgages brochure (PDF*, 195K).
Interest-only loans for retired borrowers
This mortgage is available to borrowers over 50 years of age that are receiving a pension income and may be purchasing a new home or require funds to improve their existing home. It operates in the same way and at the same rate as our residential mortgage. The main differences being:
- The maximum loan-to-value is 50% where the loan is wholly interest-only. A higher loan-to-value may be possible where at least half of the mortgage is conducted on a repayment basis
- We do not require evidence of your repayment vehicle for the interest-only element
For further details of our Interest-Only Loans for Retired Borrowers view or download our Interest-Only Loans for Retired Borrowers leaflet (PDF*, 145K).
Part-residential mortgages
Part-residential mortgages are available where the property has both residential and commercial elements, for example, an organic smallholding consisting of land for farming and a residential dwelling or a shop or studio with a flat above, both of which are occupied by the borrower.
Contact our Mortgage Department on 0845 674 5566 for further information on our part-residential mortgages and to discuss your individual requirements.
Small woodland mortgages
Woodland and rural areas around towns and cities are slowly being eaten up by encroaching development. Our Small Woodland mortgage enables individuals, groups and charities to purchase such woodland for conservation and preservation.
This mortgage can also be used to purchase meadows, fields and houseboat moorings. For further details see our Small Woodlands and Land leaflet (PDF*, 144K).
Mortgages for housing co-operatives
We are not only concerned with our physical environment but also our social environment. Communal dwelling offers an economical and low-impact way of living for many people.
We require housing co-operatives to be made up of at least four housing units, which are occupied by members of the co-operative. This mortgage is also available for established workers co-operatives. For further details please read our Mortgage Finance for Housing Co-operatives leaflet (PDF*, 225K) or contact our Lending Development Officer Jon Lee on 01535 650 774 to discuss your particular case.
Lending facilities for housing associations
Flexible lending facilities are available for the renovation or development of social housing provision where community and environmental considerations are integral features.
For further details contact our Lending Development Officer, Jon Lee on 01535 650 774 to discuss your requirements.
Commercial mortgages
Commercial mortgages are available for established environmental businesses. An environmental business may be any form of business which benefits the environment or contributes to the sustainability of a local community. For example, a vegan/vegetarian restaurant, a recycling/reclamation business, a whole food shop or a rural post office or corner shop that serves the local community.
Please note we do not provide loans for the start up of new businesses and require sight of the last three years' business accounts.
Commercial mortgages are also available for property developers embarking on small-scale development projects. Such projects may involve renovating, converting or building of a number of properties for sale. These are short-term mortgages available to builders and individuals. For further details please view or download our Small Scale Development Finance leaflet (PDF*, 137K).
For all your commercial mortgage requirements, call our Lending Development Officer, Jon Lee on 01535 650 774 to discuss your individual requirements.