Eco Home
Our Eco Home Mortgage has been created especially for first-time buyers, families and retirees purchasing or re-mortgaging an energy efficient home. Our mortgage rewards homebuyers for choosing high EPC rated homes through our unique full term mortgage discount.
Our Eco Reward Mortgage is available for existing Ecology Members who qualify for the product under our eligibility criteria.
An early repayment charge is payable in the first two years. If you repay in part or in full, you’ll be charged 2% of what you still owe in year one and 1% in year two.
Key details
Eco Home Mortgage
Discounted Variable Rate is 4.19%
The overall cost for comparison is 4.3% APRC
Up to 80% loan-to-value
We’ll consider lending up to four times joint or sole income subject to loan-to-value and an affordability assessment
Maximum loan size is £1.25m
Eco Reward Mortgage (existing Members)
Discounted Variable Rate is 3.99%
The overall cost for comparison is 4.1% APRC
Up to 80% loan-to-value
We’ll consider lending up to four times joint or sole income subject to loan-to-value and an affordability assessment
Maximum loan size is £1.25m
Self-build
We specialise in mortgages for self-build projects which meet specific Energy Standard ratings or help promote sustainable living and we welcome non-standard construction types.
There is no early repayment charge for this mortgage. You are free to overpay or repay in full at any point during the mortgage.
Key details
Self-build 65% Mortgage
Standard Variable Rate is 5.69%
The overall cost for comparison is 5.9% APRC
Up to 65% loan-to-value
We’ll consider lending up to four times joint or sole income subject to loan-to-value and an affordability assessment
Maximum loan size is £1.25m
Self-build 80% Mortgage
Standard Variable Rate is 5.89%
The overall cost for comparison is 6.1% APRC
Up to 80% loan-to-value
We’ll consider lending up to four times joint or sole income subject to loan-to-value and an affordability assessment
Maximum loan size is £1.25m
Affordable Local Homes
Our Affordable Local Homes mortgage is designed for people purchasing or remortgaging Discounted Market Sale Homes. These properties can be purchased at a discounted price, with a lower deposit, which means you'll pay less on your mortgage than you'd usually do.
There is no early repayment charge for this mortgage. You are free to overpay or repay in full at any point during the mortgage.
Key details
Standard Variable Rate is 5.54%
The overall cost for comparison is 5.7% APRC
Up to 95% loan-to-value
We’ll consider lending up to four times joint or sole income subject to loan-to-value and an affordability assessment
Maximum loan size is £750,000
Community Living
Our Community Living Mortgage is designed to help individuals purchase a property as part of a co-housing model. Co-housing is a type of community-led housing where residents live in private homes but share common facilities, and where social interaction and mutual support is encouraged.
There is no early repayment charge for this mortgage. You are free to overpay or repay in full at any point during the mortgage.
Key details
Standard Variable Rate is 5.34%
The overall cost for comparison is 5.5% APRC
Up to 90% loan-to-value
We’ll consider lending up to four times joint or sole income subject to loan-to-value and an affordability assessment
Maximum loan size is £750,000
Off Site Build
If you are inspired to design and build an energy-efficient off-site or modular build with one of our supported suppliers, our off-site build mortgage range has been designed with you in mind.
An early repayment charge may be payable if you repay all or part of your mortgage within the first three years.
Key details
Offsite Build Mortgage
Variable Rate is 5.69%
The overall cost for comparison is 5.9% APRC
Up to 80% loan-to-value
We’ll consider lending up to four times joint or sole income subject to loan-to-value and a full affordability assessment
Maximum loan size is £750,000
Offsite Build mortgage (advanced payment)
Variable Rate is 5.99%
The overall cost for comparison is 6.3% APRC
Up to 80% loan-to-value
We’ll consider lending up to four times joint or sole income subject to loan-to-value and a full affordability assessment
Maximum loan size is £750,000
Renovation
We specialise in mortgages for renovation projects from extensive restorations of derelict properties to upgrades of your home's energy performance.
An early repayment charge may be payable if you repay all or part of your mortgage within the first three years.
Please note: The property should be improved by at least one energy performance band to qualify for this mortgage product.
Key details
Renovation Mortgage 80%
Variable Rate is 4.99%
The overall cost for comparison is 5.1% APRC
Up to 80% loan-to-value
We’ll consider lending up to four times joint or sole income subject to loan-to-value and a full affordability assessment
Maximum loan size is £1.25m
Renovation Mortgage 90%
Variable Rate is 5.79%
The overall cost for comparison is 6.0% APRC
Up to 90% loan-to-value
We’ll consider lending up to four times joint or sole income subject to loan-to-value and a full affordability assessment
Maximum loan size is £750,000
Conversion
We specialise in mortgages for conversion projects which meet specific Energy Standard ratings.
An early repayment charge may be payable if you repay all or part of your mortgage within the first two years.
All conversion projects must show they will achieve a minimum EPC B (SAP rating 85+).
Key details
Variable Rate is 6.04%
The overall cost for comparison is 6.3% APRC
Up to 80% loan-to-value
We’ll consider lending up to four times joint or sole income subject to loan-to-value and an affordability assessment
Maximum loan size is £750,000
Shared Ownership
We specialise in mortgages for energy efficient, affordable housing for borrowers looking to purchase a shared ownership property.
An early repayment charge is payable in the first two years. If you repay in part or in full, you’ll be charged 2% of what you still owe in year one and 1% in year two.
Key details
Standard Variable Rate is 4.19%
The overall cost for comparison is 4.3% APRC
Up to 95% loan-to-value
We’ll consider lending up to four times joint or sole income subject to loan-to-value and an affordability assessment
Maximum loan size is £750,000
Buy-to-let
We specialise in mortgages for buy-to-let projects which meet specific energy ratings, where you are looking to self-build a property to let or improving the energy performance of an existing property to let.
An early repayment charge may be payable if you repay all or part of your mortgage within the first two years.
Key details
Variable Rate is 6.79%
Up to 80% loan-to-value
To assess affordability the rental income derived from the property must be at least 35% more than the mortgage repayment due. We also need to evidence you have sufficient personal income to maintain your personal expenditure.
Maximum loan size is £750,000
Community & commercial mortgages
Our mortgages are available for community-led housing, housing developers community groups and charities, sustainable businesses, and part-residential.
