If you're thinking of purchasing a mooring for a houseboat, or want to buy a small pocket of land or woodland, we can help.
Our small woodlands and mooring mortgages give you a good deal over the long term - not just for the first couple of years. We offer a competitive interest rate (up to 6.75%), we calculate interest on a daily basis, and we keep our fees as low as possible.
We specialise in mortgages for projects which minimise environmental impact or help promote sustainable communities and lifestyles. Even if you don't consider yourself to be green, your project might be.
Our mortgages for land and small woodlands are for individuals, groups and charities who want to purchase land and small woods for protection and conservation reasons. You can find out more by downloading Mortgages for land and small woodlands.
Our moorings mortgages are for individuals or joint applicants who want to buy land that has planning consent for mooring a houseboat. You can find out more by downloading Mortgages for purchase of a mooring.
If you have any questions about whether you can apply for an Ecology mortgage, please contact us. Our experienced team treats each project individually, and we don't use automated decision systems.
Key features
- Our current small woodlands and moorings interest rate is up to 6.75%
- We offer low initial fees and calculate interest on a daily basis, reducing the overall lifetime cost of your borrowing
- We offer a straightforward, individual approach, and consider each application individually
- Mortgages for land and small woodlands are available on a repayment basis only
- Mortgages for moorings are available on a repayment or interest-only basis
- Mortgage terms are available from 10 years up to 25 years
- You can borrow up to 70% of the property's value, depending on the repayment basis and your income
- This product is not regulated by the Financial Services Authority (FSA).
What types of mortgage are available?
Our mortgages for land and small woodlands are only available on a repayment basis.
We offer an interest-only option for our moorings mortgage, but you will need to ensure you are able to repay the capital borrowed at the end of the mortgage.
You can find out more by downloading Your mortgage.
How much can I borrow?
We decide how much we can lend based on your income and the value of your property.
If you are borrowing for land, small woodlands or moorings on a repayment basis, we will lend up to 70% of the value of the property. If you want to borrow for moorings on an interest-only basis, we will lend up to 60%.
You can find out more by downloading About you and Your property, your project.
How much will it cost each month?
As soon as we know that we can help, we'll provide you with a detailed illustration showing how much your monthly repayment will be for the amount you want to borrow, over the term you require.
What happens if I repay early?
If during the first four years of the mortgage, you make capital repayments in any one month totalling more than 10% of your current debt, we will apply an early repayment charge of three months' interest on the amount repaid, calculated at the rate applicable at the time (but capped at the initial rate charged on the mortgage).
You can find out more by downloading After your mortgage completes.
Where can I find more information?
You can download a range of mortgage literature from this site, find inspiration in our resource hub or contact us to discuss your project.
We're proud to have supported over 2,000 projects that benefit the environment since we started in 1981. Here's just one example of how we've helped:
David Austin Associates: energy efficient offices
Ecology supported David Austin Associates to purchase and refurbish their…
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
An early repayment charge may be payable if you repay all or part of your mortgage within the first four years.