Monmouthshire Building Society (MBS) is launching a new range of energy efficient home purchase mortgage products in England and Wales, with fixed rates across two and five years and a 95% LTV for properties rated A for energy performance.

The lender’s two-year product has a fixed rate of 2.39% with LTV at 95%, while the five-year product has a rate of 2.69% with a 95% LTV for both first time buyers and movers.

“We are launching rates that support members who are purchasing energy efficient homes,” says MBS lending operations manager Graham Sumsion.

“This product launch compliments our pilot on the Society led Valuer Project which sees the Society partner with SERO, Rightmove and Rics to understand how consumers who purchase energy efficient homes may be able to borrow more using a modified affordability assessment,” he adds.

Both the two- and five-year product comes with a product fee of £999 and an admin fee of £150. They are available at a minimum loan size of £40,000 and a maximum loan size of £500,000.

Increasingly, lenders are adjusting their offerings for energy efficient properties. Buy-to-let lender The Mortgage Works announced last year it was returning to 80% LTV lending but solely for properties with an energy performance rating of C or above.