The deal includes a free valuation and no application fee, and has a maximum loan amount of £1m up to 75% loan-to-value (LTV).
Virgin Money will benefit from Hometrack’s Climate Change Risk analysis, provided in partnership with Ambiental and Terrafirma.
Following the referral, TLE where will take full responsibility for completing the fact find; sourcing; advice and recommendation; and then package the deal through to completion.
In August, the SmartrCriteria tool recorded a 9% decrease in demand for products suitable for borrowers with debt management plans and 8% fall in those for customers with unsecured arrears.
Phil Richards from Keystone, said that in terms of green mortgages, he believes they have a place in the market, however they require innovation.
Mortgages are cheaper and easier to access than ever before but is this golden age for cheap mortgages about to come to an end?
The no-fee limited edition offerings have no product or application fees and come with a free standard valuation for purchases as well as remortgages.
In June only 10 deals existed with a rate below 1%, five of which were only available to those remortgaging, however, this figure has now risen to over 50.
All of the reduced products, available for purchase or remortgage, include a free basic valuation.