Green Further Advance mortgages
What is a Green Further Advance mortgage?
Green Further Advance
Green Further Advance mortgages criteria.
- 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.
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Find a Green Further Advance mortgage.
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.
Find the right mortgage product for you.
We took out a mortgage on our house to help children get on the property ladder and have found Ipswich now Suffolk Building Society a friendly, professional and human organisation – just like building societies and banks used to be but so few are these days. A great team of people.
I have always found it very easy to contact Suffolk Building society by phone, or by email or on line, and the staff are always friendly, knowledgeable, helpful and efficient. For me, this is the most important feature of a good building society.
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.
Ready to go? We’d love to hear from you. Get in touch with our friendly and knowledgeable team.
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Call 0330 123 0723