NatWest has launched its first Green Mortgage range, offering a discounted interest rate to customers purchasing a property with an Energy Efficiency Rating of A or B.
The six green products include: a 60% LTV 2-year fix at 1.33%; a 75% LTV 2-year fix at 1.61%; an 85% LTV 2-year fix at 2.89%; a 60% LTV 5-year fix at 1.5%; a 75% LTV 5-year fix at 1.79%; and an 85% LTV 5-year fix at 2.99%.
All six deals include a product fee of £995 and £250 cashback.
Furthermore, the lender is increasing rates for its new business products by up to 25bps on purchase deals, and by up to 34bps on remortgage offerings.
Looking to its existing range, NatWest is increasing rates by up to 10bps on its 2 and 5-year switcher deals.
Miguel Sard, managing director of home buying and ownership at NatWest Group, said: “We want to help home buyers to make greener choices, particularly as properties make up 15% of the UK total climate emissions and one of the core parts of our purpose as a bank is to help address the climate challenge.
“Our customers are increasingly interested in purchasing energy efficient homes and by offering those customers a lower mortgage rate, we want to have a positive impact on the environment. This is just one of many ways NatWest is supporting and encouraging greener choices.”