Skipton has issued two additional borrowing products specifically aimed at borrowers who wish to make green home improvements.

The products come as discounted two-year base rate trackers, one for residential use and the other for buy-to-let (BTL).

For residential use, the mortgage is available at up to 90% LTV and set at 1.09% variable.

The BTL product comes at up to 75% LTV and is priced at 1.39% variable.

The minimum loan is set at £5,000 and the maximum at £50,000. There is no early repayment charge.

The green stipulation asks that at least 50% of the loan is used to fund green home improvements, such as the installation of solar panels and fitting new windows and doors.

The lender has also become a certified member of the Green Finance Institute Coalition for the Energy Efficiency of Buildings.

Skipton head of mortgage products Charlotte Harrison says: “In the UK, buildings are responsible for around 23% of total greenhouse gas emissions, with many of our homes scoring low Energy Performance Certificate ratings too.

“We’ve challenged ourselves… to play a leading role in greening the UK housing market and so supporting customers with retrofitting their homes is a crucial first step.”