Green fix for N & P customers

N&P’s new Green Four Year Fixed Rate Mortgages (5.64 per cent without incentives or 5.79 per cent with incentives) are available now for homebuyers and re-mortgagors of residential properties.

For every Green Fixed Rate Mortgage that is taken out, N&P will plant enough trees to “offset” the carbon dioxide emissions (“greenhouse gases”) caused by using fossil fuels in the home (for cooking, heating, lighting etc) for five years.

Gary Lacey, group product manager for N&P, said “We hope these fixed rate mortgages will stand out from the thousands currently available as there are no other four year fixed rates out there. Our objective is to raise awareness that housing causes more harmful emissions than cars! If we are responsible about making our homes more energy efficient then we can make a difference to global warming. Reduce, reduce, reduce – and what you can’t reduce, offset!”

Main Details - Green Four Year Fixed Rate Mortgage (without incentives)

5.64% fixed for four years

Available either for the purchase or re-mortgage of brand new or “second-hand” properties

Brand new properties must have an energy rating of 100 or higher

Free energy survey for second-hand homes so the buyer knows what can be done to increase energy efficiency & save money

£345 reservation fee

Early repayment charges in first four years (3% in first 4 years)

Maximum 90% LTV

Valuation fee

Flexible features – over-payments/underpayments/payment holidays

Main Details - Green Four Year Fixed Rate Mortgage (with incentives)

5.79% fixed for four years

Available either for the purchase or re-mortgage of brand new or “second-hand” properties

Brand new properties must have an energy rating of 100 or higher

Free energy survey for second-hand homes so the buyer knows what can be done to increase energy efficiency & save money

£345 reservation fee

Early repayment charges in first four years (3% in first 4 years)

Maximum 90% LTV

Free valuation

Free legal fees or £250 cashback for energy efficient home improvements

Flexible features – over-payments/underpayments/payment holidays