Intermediary-only specialist lender Foundation Home Loans has launched new two-year Green ABC+ fixed and discount options for residential owner-occupier borrowers.

The new green product range, available as part of Foundation’s F1 and F2 product range, is for borrowers that are either purchasing or remortgaging a property with an EPC rating between A and C.

Available up to 85% loan to value (LTV), Foundation offers discount rates with no early repayment charges starting at 2.99% in the F1 tier and 3.24% in the F2 tier.

It also offers two-year fixed rates starting at 3.84% in the F1 tier and 4.09% in F2.

The new products have reduced product fees of £595 for fixed rates and £1,295 for discounts.

The Green ABC+ products were introduced by Foundation last year for both landlords and owner-occupiers to support those borrowers seeking to purchase/refinance more energy-efficient homes.

Foundation Home Loans commercial director Georgie Gee says: “Our aim with these products is to incentivise and reward borrowers to help improve the overall energy ratings of the UK’s property stock and to provide a range of mortgages which promote far greater efficiency in this highly important area.”

“This is the first time we have offered a discount product within the ‘Green ABC+’ range and it is also the first time we have broadened the availability out to F2 borrowers, meaning more potential homeowners can secure mortgage rate benefits as a result of purchasing an energy-efficient property or having improved the EPC level of their existing property.” Gee adds.