Green additional borrowing (further advance)

Help your clients make their homes more energy efficient with 0% borrowing for greener home improvements.

Making the right improvements could save your clients money on their energy bills and reduce their carbon footprint, but the initial cost can be a hurdle. Which is why we offer 0% interest Green Additional Borrowing to our existing mortgage members.

 

Features and benefits

 Available from £5,000 to £20,000

 0% fixed interest for the first 2 or 5 years

 No product fees

 Available up to 90% Loan to Value (LTV)


Eligibility

  • Your client must use 100% of the borrowing for acceptable energy efficient home improvements (see list below).
  • Your client can only have one 0% interest Green Additional Borrowing mortgage per property.
  • Your client must have a Nationwide mortgage and have made their first payment. If an application is made within 180 days of completion, you will need to complete a paper application. Please provide 3 months' bank statements and the relevant proof of income, as per our standard criteria found here.
  • The term of the Green Additional Borrowing cannot be longer than the term of their existing mortgage.
  • Our standard additional borrowing criteria apply.
  • The improvements they want to fund cannot make the property uninhabitable during installation.
  • This product can’t be used to fund structural upgrades.

Tip:

Be aware that the 0% interest rate stops when the fixed deal period ends. Any outstanding amount will automatically move to our variable Standard Mortgage Rate (SMR). Or your client can switch to another rate, subject to availability and eligibility.



Your client must spend 100% of the funds on acceptable greener home improvements. We may carry out checks to ensure the work has been completed. Please document a full breakdown of the planned use of funds in your advice notes. The product is limited and can be withdrawn at any time.

What energy efficient home improvements are eligible?

Energy efficient home improvements can include:

- solar panels

- air source heat pumps

- traditional insulation

- boiler upgrades

- double glazing or replacement windows

- electric car charging point

This list is not exhaustive, but exclusions may apply. If you’re not sure your client’s planned improvements are eligible, get in touch.

Green borrowing

Greener homes hub

Want to learn more about energy efficient home improvements and how you can support your clients? We’ve got resources for you.

Find out more

What improvements are best for my client?

Not sure what the best investment is for your client’s property and circumstances? We’ve teamed up with the Energy Savings Trust to bring you our Home Energy Efficiency Tool. It’s an easy to use, interactive tool that will help you and your clients explore options:

- Reduce energy costs.

- Improve their home’s Energy     Performance Certificate (EPC) rating.

- Provide estimated costs for improvements and an action plan for the future.

Plant and cup

Home Energy Efficiency Tool

Get personalised recommendations to make your client’s home more energy efficient.

Find out more