fbpx

Nationwide – 0% Green Additional Borrowing mortgage

Mar 20, 2024

Shine on Solar Panels

If you’re looking for a way to fund your energy-efficient home improvements, Nationwide 0% interest Green Additional Borrowing mortgage could help. Get 0% interest on your borrowing for the first 2 or 5 years.

Using the 0% Green Additional Borrowing mortgage

Features and benefits:

  • Choose from a 2 or 5 year fixed rate mortgage.
  • Get 0% fixed interest for the first 2 or 5 years.
  • Borrow £5,000 to £15,000, depending on your circumstances.
  • Borrow up to 90% of the property value (LTV).
  • There are no product fees with this mortgage.

Be aware that:

  • 100% of the loan must be used to make energy-efficiency improvements to your home. Such as: a boiler upgrade, solar panels, air source heat pumps, cavity wall insulation, double glazing or replacement windows, electric car charging point, loft insulation. Exclusions may apply.
  • Your 0% interest rate will stop when your fixed deal period ends. Any outstanding amount will automatically move onto our variable Standard Mortgage Rate (SMR). Or you may able to switch to another rate, subject to availability and eligibility.
  • There is a limit of one Green Additional Borrowing mortgage per property.
  • This product is limited and can be withdrawn at any time.

To apply for a Green Additional Borrowing mortgage:

  • You need to be an existing member with a Nationwide mortgage, which you’ve had for 6 months or longer.
  • Your existing mortgage, combined with the additional borrowing, is not more than 90% of the value of your home.
  • The mortgage term of the additional borrowing cannot exceed the mortgage term of the existing main mortgage account.
  • Spend 100% of your additional borrowing on eligible energy-efficient home improvements.

Representative example

A mortgage of £15,000.00 over a term of 12 years on an initial 2 Year Fixed Rate at 0% (fixed) would require 24 monthly payments of £104.17 and 120 monthly payments of £151.59 based on our Standard Mortgage Rate, currently 7.99% (variable). The total amount payable would be £20,677.12 made up of the loan amount plus interest (£5,677.12), product fee (£0.00) and valuation fee (£0.00). The overall cost for comparison is 5.4% APRC Representative.

This representative example is for illustration purposes only. It is not an offer. These figures are representative of the typical costs and repayments for this type of mortgage based on customer type. Your actual costs and monthly repayments will vary depending on your mortgage.

https://www.nationwide.co.uk/mortgages/borrowing-more/green-additional-borrowing/

Related Blogs

Genfit Volunteers at Live Cheshire: Making a Positive Impact in the Community

At Genfit, we believe in giving back to the community, not just through sustainable energy solutions but by actively supporting initiatives that make a difference. Recently, our team had the wonderful opportunity to volunteer with Live Cheshire, a local charity...

Genfit at the B Corp Event: Actions Speak Louder Than Words

At Genfit, we’ve always believed that sustainable business practices are essential for a brighter future. That’s why attending the recent event hosted by B corporation. Louder Than Words was such a meaningful experience for us. What Is the B Corp Movement? For those...

We Are Now An Octopus Trusted Partner

We’re excited to announce that Genfit is now an Octopus Trusted Partner! This partnership reinforces our commitment to delivering high-quality solar PV solutions while aligning with one of the UK's most forward-thinking energy companies. As an Octopus Trusted Partner,...

Top 10 Reasons to Go Solar in 2025

As we move into 2025, the case for going solar has never been stronger. Whether you're a homeowner looking to cut down on energy bills or someone passionate about reducing your carbon footprint, solar energy offers a compelling solution. Here are the top 10 reasons...

Why You Should Consider Installing the Tesla Powerwall 3 – And Why Genfit is Your Perfect Installer for the Job

As energy independence becomes increasingly important for homeowners, battery storage solutions like the Tesla Powerwall 3 are growing in popularity. Combining cutting-edge technology with impressive energy efficiency, the Tesla Powerwall 3 offers a powerful solution...

Genfit Volunteers at Live Cheshire: Making a Positive Impact in the Community

At Genfit, we believe in giving back to the community, not just through sustainable energy solutions but by actively supporting initiatives that make a difference. Recently, our team had the wonderful opportunity to volunteer with Live Cheshire, a local charity...

Genfit at the B Corp Event: Actions Speak Louder Than Words

At Genfit, we’ve always believed that sustainable business practices are essential for a brighter future. That’s why attending the recent event hosted by B corporation. Louder Than Words was such a meaningful experience for us. What Is the B Corp Movement? For those...

We Are Now An Octopus Trusted Partner

We’re excited to announce that Genfit is now an Octopus Trusted Partner! This partnership reinforces our commitment to delivering high-quality solar PV solutions while aligning with one of the UK's most forward-thinking energy companies. As an Octopus Trusted Partner,...

Understanding Solar Panel Warranties and Lifespans

Investing in solar panels is a significant decision for any homeowner. As with any major purchase, understanding the warranties and expected lifespans of your solar panels is crucial to making an informed decision. In this blog, we'll delve into what solar panel...

Why You Should Consider Installing the Tesla Powerwall 3 – And Why Genfit is Your Perfect Installer for the Job

As energy independence becomes increasingly important for homeowners, battery storage solutions like the Tesla Powerwall 3 are growing in popularity. Combining cutting-edge technology with impressive energy efficiency, the Tesla Powerwall 3 offers a powerful solution...

Genfit Volunteers at Live Cheshire: Making a Positive Impact in the Community

At Genfit, we believe in giving back to the community, not just through sustainable energy solutions but by actively supporting initiatives that make a difference. Recently, our team had the wonderful opportunity to volunteer with Live Cheshire, a local charity...

Genfit at the B Corp Event: Actions Speak Louder Than Words

At Genfit, we’ve always believed that sustainable business practices are essential for a brighter future. That’s why attending the recent event hosted by B corporation. Louder Than Words was such a meaningful experience for us. What Is the B Corp Movement? For those...
Make Enquiry

Please fill in your details below and we will be in touch as soon as possible

Agreement