Coventry for Intermediaries is launching a tool on its’ website which shows people how to make their homes more efficient and reduce their energy bills.

The tool has been developed with support from Energy Saving Trust, taking their expertise in home retrofit analysis and combining it with a distinct lending proposition from Coventry.

With just a few pieces of simple information about their property, home owners can generate an action plan.

This will show; the current and potential EPC rating for each property; estimated energy costs and potential savings and suggested improvements tailored to each person’s budget and priorities (be that saving on bills, or reducing CO2 emissions).

The plan can be saved and updated over time, simply by returning to the website and entering a unique identifying code.

To help borrowers turn ideas into action, the society has also launched a range of Green Further Advance products, which  offer a lower rate of interest if people are borrowing to make eligible energy efficient home improvements.

Products are available for both residential and buy to let customers, with fixed rate options for two and five years, and a maximum loan amount of £25,000.

At least half of the loan needs to be used for energy efficient home improvements; the rest of the money can be used for other home improvements.

Products include a 3.53% five-year fixed rate until 31 October 2028 for a 75% LTV with no product fee. This is available for residential mortgages.

Also a 3.94% five-year fixed rate until end of August 2028 – once again for 75% LTV with no product fee – available for buy-to-let mortgages

Coventry Building Society head of intermediary relationships Jonathan Stinton comments: “Making energy efficient home improvements is becoming increasingly important to people. The assumption could be that we need to make big changes to our homes, but this initiative will show people how small changes can make a real difference”.