Skipton Building Society has introduced three additional green borrowing products to its range from today (12 December).

Borrowers will have access to between £5,000 to £50,000, with at least half the loan amount to be utilised for green home improvements.

Green home improvements can include insulation, new windows or doors, solar panels, installing biomass boilers and using air source or ground source heat pumps.

The new products include a 95% loan-to-value (LTV) residential two-year fixed rate at 4.90% until 2025 with no fee.

There is also a 95% LTV residential five-year fixed rate at 4.75% until 2028 with no fee. 

Finally, the lender has added a 75% LTV buy-to-let (BTL) five-year fixed rate at 4.95% until 2028 with no fee. 

The new products follow Skipton’s announcement that it is prepared to invest £11m in greening UK homes by providing mortgage customers with a free energy performance certificate (EPC) plus assessment and report. 

Skipton head of mortgage products Charlotte Harrison says: “At Skipton, we know home energy efficiency is a huge societal challenge where everyone needs to play their part.”

“That’s why we’re delighted to add three new additional green borrowing products to our range, to encourage our customers to make green home improvements that will not only help reduce their future energy bills but will also help towards reducing their carbon footprint.”