Barclays has announced the launch of a new green buy-to-let (BTL) mortgage offering.
The products will be available to existing and aspiring landlords from Friday 21 January 2022.
Barclays was the first major lender to launch a green mortgage in 2018, and has since helped over 4,000 customers complete a purchase on properties with an A or B rated Energy Performance Certificate (EPC).
The new Barclays Green Home Buy-to-Let Mortgage will be available for new-build purchases that are in energy efficiency bands A or B, or have an energy efficiency rating of 81 or above.
A 10 basis point discount for customers who choose two and five-year fixed rate green mortgages up to 75% LTV is also being offered, which Barclays highlighted means that customers will have the opportunity to save up to £1,250 on a BTL mortgage of £250,000 over the five-year fixed term, or £500 on a £250,000 mortgage over the two-year fixed term.
“We are pleased to be launching our green home buy-to-let mortgages, offering rate discounts to customers who are looking to purchase an energy efficient new build home to let, and rewarding them for making greener choices,” said head of Barclays Mortgages, Lee Chiswell.
“We will continue to explore pioneering green products that meet the demands of our customers, to help them navigate the transition to a low-carbon economy and to encourage innovation in the lending sector.”
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