From tomorrow, Santander is launching a new range of green remortgage products for residential and buy-to-let borrowers who have a valid A or B rated Energy Performance Certificate (EPC) on their property.
The rates are 0.10% lower than the equivalent standard remortgage rates, with residential two and five-year fixed rates available between 60% and 85% LTV and buy-to-let two and five-year fixes available from 60% to 75% LTV.
Before submitting the application, brokers need to check clients have a valid A or B rated EPC for the property being mortgaged on the government register.
Santander said: "To check your client’s EPC rating, go to the government website for England, Wales and Northern Ireland or Scotland. We’ll carry out checks on applications submitted to confirm your client is eligible."
Santander has also announced that it is withdrawing its buy-to-let two-year tracker rates in the new business and product transfer ranges.
