Green Further Advance mortgages
Mortgages
What is a Green Further Advance mortgage?
If you’re an existing mortgage customer with us, you could apply for an additional borrowing mortgage and use the funds to make your home more energy efficient.
With a Green Further Advance mortgage, you could undertake a green project such as installing solar panels, traditional insulation, air source heat pumps, rain water harvesting, double/triple glazing, low energy lighting, boiler upgrades, wind turbines or electric car charging stations.
Applicants will be asked to provide a quotation from a supplier for the work that they intend to carry out during the application process and Suffolk Building Society reserves the right to check whether the spending has met this criteria.
Green Further Advance
Green Further Advance mortgages criteria.
Here’s some of the key things you should know about our Green Further Advance mortgages.
- To qualify for the green additional borrowing products, borrowers must have an existing mortgage with Suffolk Building Society.
- 50% of the loan must be spent on approved green home purchases which are: Solar panels, traditional insulation, air source heat pumps, rain water harvesting, double/triple glazing, low energy lighting, boiler upgrades, wind turbines or electric car charging stations.
- Borrowers will need to provide a quotation from a supplier for the work that they intend to carry out to be eligible for the green additional borrowing products.
Here to help
Find a Green Further Advance mortgage.
You can browse our range of currently available Green Further Advance mortgages products using our mortgage finder.
Once you’ve found a mortgage product you can calculate mortgage costs with our indicative mortgage repayment calculator, or find out more about our mortgages in general on our mortgage information page.
FAQs
Frequently asked questions about Green Further Advance mortgages.
The minimum loan size is £5,000 and the maximum is £40,000.
The interest rates and fees on the green additional borrowing products have been reduced compared to the standard range and 50% of the loan must be spent on approved green home purchases (solar panels, traditional insulation, air source heat pumps, rain water harvesting, double/triple glazing, low energy lighting, boiler upgrades, wind turbines or electric car charging stations).
No, this isn’t possible. You must be an existing mortgage customer.
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We have conversations, not algorithms.
Our decisions are made by experts, not computers. We need to calculate the financials, but we understand there’s more behind a mortgage than the numbers on a page. We can’t promise to lend to everyone and anyone, but we’ll consider most applications on an individual basis.
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