Just Group has announced a green lifetime mortgage as part of its latest product update, supporting the Green Homes Grant announced by the Chancellor.
On 13 July, the retirement specialist explained that its green lifetime mortgage will offer discounted interest rates to new lifetime mortgage customers whose property has an A or B-rated Energy Performance Certificate (EPC). The £2bn Green Homes Grant, announced by the Chancellor on 8 July, allows homeowners to receive up to £5,000 to make energy saving improvements to properties, while those on the lowest incomes can receive £10,000. Those qualifying for Just Group’s mortgage will receive a 10bps discount on their mortgage rate, along with a £50 contribution to the cost of the EPC.
The green lifetime mortgage will be available to customers applying on the “Just For You J2.5LTV series” which is to be launched on 20 July.
Paul Turner, Managing Director of Retail at Just Group, said: “The £2bn Green Homes Grant announced by the Chancellor last week is designed to help thousands of homeowners make their homes more environmentally friendly and targets more financial support to those least well off. Homeowners who have a property with an energy rating to A or B will not only enjoy lower energy bills but now they can also benefit from a lower interest rate with our green lifetime mortgage.”