Dudley launches energy efficient products

Jake Carter

June 11, 2021

epc ratings

Dudley Building Society has launched two remortgage products and a further advance product for properties with improved energy efficiency.

The products are designed to appeal to homeowners and landlords looking to improve the Energy Performance Certificate (EPC) rating of their properties.

For homeowners looking to improve their EPC rating to a minimum of a B, Dudley is a offering 2-year fix rate at 3.79% with an LTV up to 80%.

The minimum and maximum loans for the product are £150,000 and £1m, it also includes £950 cashback on completion, no arrangement fee, a free valuation and fee assisted legals.

For landlords wishing to improve the rating on their buy-to-let (BTL) property to at least a C, there is a 2-year fix rate product at 3.79% with an LTV up to 70%.

The minimum and maximum loan for the product £175,000 and £1m and it also provides a £950 cashback on completion with no arrangement fee.

For existing customers, a 2-year 2.10% discount energy efficiency further advance product is now available with a current payrate of 2.89% and a maximum LTV of 70%.

The minimum and maximum loan for the product £5,000 and £100,000 and also offers cashback of 0.50% of the loan amount, which is paid on completion and has no arrangement fee.

Offer conditions will include a commitment to completing the energy upgrades.

Sam Ward, commercial director of Dudley Building Society, said: “The green mortgage market has experienced increasing domestic demand over the past 18 months and, with the government keen to cut down emissions, launching these remortgage and further advance products is our initial response.

“We hope to incentivise more homeowners who have been looking for ways to improve their properties’ energy efficiency and reward them with strong products allied to a combination of cashback and/or fee assisted incentives.”

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