Leeds Building Society has issued a set of buy-to-let (BTL) mortgages available exclusively for properties that carry an energy performance certificate or predicted energy assessment rating of A to C.
The mortgages fit into the green home finance principles as defined by the Green Finance Institute’s coalition for the energy efficiency of buildings.
They consist of:
- A 75% LTV two-year fix at 1.62% with £500 cashback
- A 75% LTV five-year fix at 2.06% with £500 cashback
- An 80% LTV two-year fix at 2.99%
- An 80% LTV five-year fix at 3.15%
Each mortgage charges a £999 fee and comes with a free standard valuation.
As well as this, the lender has raised the maximum LTV for first-time landlords from 70% LTV to 75% LTV.
Leeds director of products Matt Bartle says: “We recently launched green residential mortgages and we’re pleased to now be able to support landlords with these new products.
“As part of our responsible business strategy, we’re proud to have been one of the first building societies to sign up to the Green Home Finance Principles created by the Green Finance Institute.”
And Green Finance Institute programme director Emma Harvey comments: “Housing is responsible for 14% of the UK’s total emissions, therefore it is vital that homeowners and landlords can access the advice, tools and finance needed to decarbonise their portfolios.
We welcome today’s announcement… which aligns with our green home finance principles, and will support investment flows towards net-zero homes across the UK.”
