Nationwide has enhanced its green additional borrowing range, enabling homeowners to borrow up to £20,000 at 0% interest for energy efficient home improvements.
Launched in May 2023, the offering previously enabled households with a Nationwide mortgage to borrow £5,000-£15,000 up to a maximum of 90% LTV.
As part of the enhancements, new customers can now apply as soon as their first month's Nationwide mortgage payment has been made, subject to underwriting.
The green additional borrowing products offer 0% fixed interest rate for the first two or five years.
All of the loan must be used to fund non-structural, energy-efficient home improvements, such as solar panels, air source heat pump, window upgrades, boiler upgrades, cavity wall insulation, loft insulation or an electric car charging point. Members can use any local or national contractor or supplier for the work.
