Foundation Home Loans has announced it is launching a new two-year green fixed and discount offering for residential owner-occupier borrowers.

The specialist lender’s ‘Green ABC+’ product range is available for borrowers either purchasing or remortgaging a property with an Energy Performance Certificate (EPC) rating of between A and C.

Available up to 85% LTV, Foundation confirmed it is offering discount rates with no early repayment charges starting at 2.99% in its F1 tier, and 3.24% in its F2 tier, as well as two-year fixed rates starting at 3.84% in F1 and 4.09% in F2.

Foundation said the new products have “broadened the availability” of green-focused mortgages to residential borrowers based on their credit history and reduced the upfront costs with the free valuation. The lender introduced its ‘Green ABC+’ products last year for both landlords and owner-occupiers, and said they are designed to “incentivise” borrowers to improve the EPC ratings of their properties.

“Green mortgage options for residential owner-occupiers are a key part of our product offering and we are very pleased to be launching these new two-year fixed and discount product options,” commented Foundation commercial director, George Gee.

“This is the first time we have offered a discount product within the ‘Green ABC+’ range and it is also the first time we have broadened the availability out to F2 borrowers, meaning more potential homeowners can secure mortgage rate benefits as a result of purchasing an energy-efficient property or having improved the EPC level of their existing property.

“Our aim with these products is to incentivise and reward borrowers to help improve the overall energy ratings of the UK’s property stock and to provide a range of mortgages which promote far greater efficiency in this highly important area.”

Share Story: