Lender introduces three new products as part of the Retrogreen range
Hinckley & Rugby Building Society has joined forces with Digital Buildings Limited to introduce Retrogreen, a new retrofit proposition designed to help homeowners enhance the energy efficiency of their properties.
Retrofitting is a key step in improving energy efficiency standards in homes across the UK, where millions of properties must be upgraded to achieve at least a ‘C’ rating on their energy performance certificates (EPC).
Through the Retrogreen service, homeowners can access tailored assessments outlining specific improvements needed to raise their home’s EPC rating. The service also connects them with pre-approved contractors and provides a post-project evaluation to ensure work meets required standards.
Initially, Retrogreen will be available exclusively through brokers affiliated with the Legal & General Mortgage Club.
To support the initiative, Hinckley & Rugby Building Society has launched three new mortgage products under the Retrogreen range. The first is a five-year fixed rate of 4.69% available up to 80% loan-to-value (LTV) until January 2030, reverting to a 7.79% variable rate, with a £999 completion fee.
Another is a two-year fixed rate of 5.35% available up to 80% LTV, followed by a 7.79% variable rate, with a £999 completion fee. The third is a variable rate product offering a 2.70% discount on the society’s Homeowner Variable Rate, starting at 5.09% variable, available up to 80% LTV, with a £999 completion fee.
Digital Buildings’ retrofit services include several stages to guide homeowners through the process. Their RetroPlanner tool allows homeowners to create costed energy efficiency plans, supported by qualified experts. The RetroAssure service involves a property assessment by a professional, with detailed recommendations for upgrades. The RetroVerify service handles project management, including sourcing vetted contractors, ensuring compliance with building regulations, and conducting quality checks.
“Retrofitting the UK’s housing stock is a huge task, but it’s one that cannot be delayed,” said Laura Sneddon (pictured), head of sales and distribution at Hinckley & Rugby Building Society. “We know that there is a clear appetite among homeowners to improve the energy efficiency of their property, but that can only happen with the right support from mortgage lenders. Hinckley & Rugby Building Society is proud to be leading the way through this partnership.”
Colin Calder, co-founder of Digital Buildings Limited, said they were delighted to be working with Hinckley & Rugby Building Society on the retrofit proposition.
“Homeowners need to understand not only what measures could improve their property’s efficiency status, but also how they can pay for it, and this partnership will help them do just that,” he said.
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