Dudley Building Society has issued three new green mortgages, consisting of two remortgages and a further advance product.

Available for both homeowners and landlords, the mortgages require the borrower to make a commitment to improve the energy performance certificate rating (EPC) of the property the loan is intended for.

For homeowners looking to improve their property’s rating to B or above, a new 80% LTV mortgage comes as a two-year fix at 3.79%. It includes £950 cashback and charges no fee. It also comes with a free valuation and fee assisted legals.

For landlords with a property that will have an EPC rating of C or above, a new 70% LTV three-year fix comes at 3.79% too. This also includes £950 cashback and charges no fee.

And the further advance product is set at 70% LTV on a two-year 2.10% discount, giving a payrate of 2.89%. This comes with cashback of 0.50% of the loan amount and has no arrangement fee, either.

Dudley commercial director Sam Ward says: “The green mortgage market has experienced increasing domestic demand over the past eighteen months and, with the government keen to cut down emissions, launching these remortgage and further advance products is our initial response.

“We hope to incentivise more homeowners who have been looking for ways to improve their properties’ energy efficiency and reward them with strong products allied to a combination of cashback and/or fee assisted incentives.”