Green mortgages
Overview
A special mortgage for new homes only (i.e. homes which have a Standard Assessment Procedure (SAP) rating of 100 or higher) or an existing property that you want to make more energy efficient.
For every customer who takes out a "Green" mortgage we will plant 40 trees. In other words, when you choose a Norwich and Peterborough Green mortgage, we will do our bit to help the planet breathe.
The standard minimum advance is £20,000 (unless stated otherwise).
All you need to know about Green mortgages
Green mortgage for new build properties - discounted for 4 years
| Discount | Initial rate | Then changing for remaining term to | The overall cost for comparison is | |
|---|---|---|---|---|
| 0.50% | 6.55%, | 7.05%, variable | 7.1% APR | Apply |
| Early repayment charge payable if you repay all of this mortgage within first 4 years | One free mortgage valuation | No reservation fee | LTV 75% | ||||
Green mortgage for existing properties - discounted for 4 years
| Discount | Initial rate | Then changing for remaining term to | The overall cost for comparison is | |
|---|---|---|---|---|
| 0.20% | 6.85%, | 7.05%, variable | 7.3% APR | Apply |
| Early repayment charge payable if you repay all of this mortgage within first 4 years | One free standard mortgage valuation | This product also provides a £500 cash back upon completion | No reservation fee | LTV 75% | ||||
The variable rate payable for the rest of the mortgage is based on current interest rates.