The C-Change energy improvement scheme offers a discount of 1% on funds borrowed for qualifying energy measure installations (listed in the table below) and is applied once work is completed and evidenced by invoices. Please note the discount is applied to funds borrowed for energy improvement measures only and our Standard Variable Mortgage Rate will apply to the rest of the mortgage.
For example, if you borrow £150,000 and £50,000 is used for energy improvements, once all work is completed and evidenced, we would apply a 1% discount from our Standard Variable Rate to the £50,000 used for energy improvements and our Standard Variable Rate would apply to the rest of the mortgage.
|Energy improvement measures which can benefit from the discount||SVR (Standard Variable Rate)||Discount % applied to funds used for energy improvements||Variable Mortgage Rate|
|Floor, wall and roof insulation|
Double or triple glazing
Wet underfloor heating systems
High efficiency condensing boilers
Solar water heating
Ground source heat pumps
Heat recovery systems
Low water-use appliances
Rain water harvesting
|4.65%||1.00% applied on funds borrowed for qualifying energy improvement works (see C-Change energy improvement checklist)||3.65% The overall cost for comparison is 4.80% APRC|
(Our 4.65% Standard Variable Mortgage Rate will apply to the rest of the mortgage)