Foundation Home Loans launch new two-year ‘Green ABC+’ mortgage options for owner-occupiers

Foundation Home Loans, the intermediary-only specialist lender, has today launched new two-year ‘Green ABC+’ fixed and discount options for residential owner-occupier borrowers.

The ‘Green ABC+’ product range is available for borrowers either purchasing or remortgaging a property with an EPC rating of between A and C, and is available as part of Foundation’s F1 and F2 product ranges.

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

These new products – available on a capital and interest repayment basis only – all come with one free standard valuation, and also benefit from reduced product fees of £595 for fixed rates and £1,295 for discounts.

Foundation said the new products, particularly the introduction of options for F2 borrowers, broadened the availability of Green-focused mortgages to residential borrowers based on their credit history and reduced the upfront costs with the free valuation.

‘Green ABC+’ products were introduced by Foundation last year for both landlords and owner-occupiers and have been designed to support those borrowers seeking to purchase/refinance more energy-efficient homes and incentivise borrowers to improve the EPC ratings of their properties.

Advisers and borrowers can check the EPC of any property online at: in England and Wales, and in Scotland.

George Gee, Commercial Director at Foundation Home Loans, said: “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.

“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.”