"Each product offers a little incentive to encourage borrowers to think of the environment, whilst giving a little something to the charities working so hard to save our planet."
The Retro-Fit Mortgage aims to encourage borrowers to upgrade current housing stock to a better energy efficiency rating. If updating a home, the mortgage offers an interest reduction reward for the remaining time of the two-year fixed rate, when the borrower can prove that any upgrades made to the property have improved the EPC by one band, to a minimum of E.
Additionally, Saffron's new Enviro Sacer account offers annual interest of 0.35% with an additional 0.10% donated to an environmental charity. The chosen charity - during each 12-month interest period - is chosen by the customer from a list of nominated environmental charities, which can be changed each year.
Laura Bright, product development manager at Saffron, commented: “I was made aware of the government’s green financing scheme last year. Having studied the guidelines I was keen to create green products from Saffron that can help to further enhance the government’s strategy, whilst also taking the first step to a greener future for Saffron Building Society and our loyal customers.
"Each product offers a little incentive to encourage borrowers to think of the environment, whilst giving a little something to the charities working so hard to save our planet.”
