Go Green Mortgages

Go green with a remortgage to fund your Energy efficient home

If you care for the environment and want to reduce some of your energy costs in the long term then you may wish to consider a energy home improvement project to improve the energy efficiency of you property.

 

To discuss how a remortgage could help with your energy home improvement project, speak to one of our mortgage experts for impartial homeowner loan mortgage advice.

 

Simply fill in this form or contact the team, now.

 

You may be able to take advantage for the Governments Green deal to part fund any energy home improvement project. A new boiler, solar panels or cavity wall insulation are just a few of the options available*.

 

*To help meet CO2 targets, the government initiated a range of renewable incentive schemes.

 

These renewable incentive schemes aim to increase uptake of renewable systems by providing a financial incentive to customers installing a renewable solution. As a result,  UK carbon emissions will reduce. In effect, consumers receive the benefit of switching to a renewable solution and the government benefits as fossil fuel consumption and carbon output drops.

 

Feed-in Tariff

 

The Feed-in Tariff provides an incentive to homes and business owners installing solar PV.

Firstly, customers benefitting from solar PV receive payment for each unit of electricity their system generates. This is known as the Generation Tariff. Secondly, the Export Tariff provides payment on excess energy sent to the grid.

Even small solar systems provide annual carbon savings in excess of a tonne.

 

Renewable Heat Incentive (RHI)

 

The Renewable Heat Incentive provides a financial incentive for renewable heating systems. The scheme provides payment on solar thermalheat pumps and biomass installations. Eligible customers receive payment for each unit of renewable heat generated.

 

Domestic and commercial customers can enter the RHI scheme but the duration of the payment depends on the type of installation.

 

Homeowners are paid for 7 years and businesses are paid for 20 years.

Heating accounts for more than 50% of energy demand.

 

As a result, switching to a renewable solution reduces annual carbon emissions by a number of tonnes.

Other Types of Remortgages

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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME
REPAYING YOUR DEBTS OVER A LONGER PERIOD CAN REDUCE YOUR
PAYMENTS BUT COULD INCREASE THE TOTAL INTEREST YOU PAY.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP
REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

 

CALLS ARE RECORDED FOR TRAINING AND MONITORING PURPOSES

Legal Information

.The Money Bee, which is a trading style of Promise Solutions Ltd and is authorised and regulated by the Financial Conduct Authority– Number 681423. Registered in England, company number 04822774. Data Protection Reference Z8661889
Registered Office: 2nd Floor, Fullard House, Neachells Lane, Wolverhampton, WV11 3QG.

Terms and Conditions

There may be circumstances where we need to charge a fee.  In these instances, we will notify you at an early stage which could be £125.00 upon application and an arrangement fee up to 1% of the advance subject to a maximum of £2500.00, on receipt of the mortgage offer.

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2nd Floor, Fullard House, Neachells Lane, Wolverhampton, WV11 3QG.

2 out of 3 borrowers get a lower rate than our representative example of a regulated secured loan below:

 

Mortgages and Remortgages

Representative example

£80,000 over 240 months at an APRC OF 4.3% and a discounted variable annual interest rate for two years of 2.12% at £408.99 per month followed by 36 payments of £475.59 and 180 payments of £509.44. The total charge for credit is £39,873 which includes a £995 broker/processing fee and £125 application fee. Total repayable £119,873.

 

Secured / Second Charge Loans

Representative example

£63,000 over 228 months at an APRC OF 6.1% and an annual interest rate of 5.39% (Fixed for five years – variable thereafter) would be £463.09 per month, the total charge for credit is £42,584.52 which includes a £2,690 broker/processing fee. Total repayable £105,584.52.

 

Unsecured Loans

Representative example

£4,000 over 36 months at an APR OF 49.9% (fixed) and an annual interest rate of 49.9% would be £216.21, total charge for credit is £3,783.56. Total repayable £7,783.56.