EcoReward Mortgages
Complete your project. Continue your journey with Ecology
You’ve worked hard to create a more sustainable home. As an existing Ecology customer who has successfully completed your self-build or renovation project, you could be eligible for our EcoReward Mortgage.
Designed to reward the environmental improvements you’ve made, EcoReward offers a straightforward way to continue your mortgage journey with Ecology.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Am I eligible for an EcoReward mortgage?
If you’re an existing Ecology mortgage customer, you may be eligible for EcoReward if you:
- Have completed your self-build or renovation project
- Are within 3 months of your current product’s early repayment charge expiry date (where applicable)
- Have maintained your mortgage account without arrears in the last 12 months
- Have no repayment arrangements currently in place
- Have a capital and interest repayment mortgage
- Have at least 60 months remaining on your mortgage term
- Have a mortgage term that does not extend into retirement
- Have a maximum loan to value of 80%
How do I apply for an EcoReward mortgage?
If you’re eligible for EcoReward and don’t want to make any changes to your mortgage, such as your term, repayment type or borrowing amount, your switch can be completed through our straightforward existing customer process. This is a non-advised process designed for customers who wish to switch to EcoReward without changing their existing mortgage arrangements
Getting started is easy.
- Contact our Mortgage Team on 01535 650 770 and explain what you would like to do
- We’ll confirm your eligibility.
- Provide your EPC documentation.
- We’ll guide you through the product switch process which is right for you.
If you’d like to make changes to your mortgage, you’ll need to speak to one of our friendly Mortgage Advisers. They’ll discuss your needs, assess your eligibility and provide advice on the options available to you.
EcoReward is available to existing Ecology mortgage customers only.
EcoReward Mortgage FAQs
To qualify for EcoReward, you’ll need to provide evidence of the environmental performance achieved through your project.
Self-Build Customers
- Property must achieve an Energy Performance Certificate (EPC) rating of B or above
Renovation 80 and 90 Customers
- Must demonstrate an improvement of at least one EPC band
All requirements must be evidenced through valid EPC documentation.
If you’d like to make changes to your mortgage, such as changing your mortgage term, repayment type or borrowing amount, you’ll need to speak to one of our friendly Mortgage Advisers. They’ll assess your needs and eligibility and provide advice on the options available to you.
For a purchase you can borrow up to 80% of the purchase price or valuation (whichever is lower), for a remortgage we can cover any secured lending on the property or any works to be spent on improving the property.
Yes, however if the mortgage has an authorised consent to let in place, we may still be able to help. Please contact us on 01535 650 770 to discuss this further. Please bear in mind that we don’t offer mortgages for second homes, holiday homes or homes classed as mobile planning.
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