Bank of Ireland releases green BTL mortgages | Mortgage Strategy

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Bank of Ireland for Intermediaries has brought out a series of green buy-to-let mortgages, designed for properties with an energy performance rating of A, B, or C.

The new products include a 60% LTV two-year fix with a £995 product fee at 1.71% and a five-year version at 2.11%.

These come with free valuation and free legals for remortgages.

At 75% LTV, the lender is offering a two-year fix with a £1,495 product fee at 1.86% and a five-year option at 2.29%. As well as a free valuation and free legals for remortgages, these come with £250 cashback.

Borrowers may also choose from a two-year fix with £995 fee at 2.02% or a five-year fix with £995 fee at 2.33%. These do not come with any cashback.

BoI for Intermediaries director of home buying and ownership George Higginson says: “By listening to our intermediary partners, we know that demand for green mortgages is growing and we want to make sure we respond to that demand by launching this exclusive BTL mortgage range which recognises energy efficiencies.

“This… is just the first step in our plans to launch more green initiatives in the months to come.

“The bank has a commitment to make its operations net zero by 2030 and so we want to make sure our products reflect that commitment, as well as help customers achieve their own personal energy efficient and sustainability goals.”


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