Ecology Building Society Raises Maximum LTV for Renovation Loans to 90%
Ecology Building Society has increased its maximum loan to value (LTV) for home renovations to 90%, enhancing financing options for borrowers. This initiative reflects a focus on supporting energy-efficient home improvements, offering discounts and incentives for sustainable upgrades.
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Ecology Building Society has raised its maximum loan to value (LTV) for home renovation projects to 90%, with a variable rate of 5.99% and no early repayment charges, capped at £1.25 million. The society previously offered an 80% LTV option for properties valued up to £2 million, targeting larger renovation projects.
Borrowers can benefit from an energy improvement discount that reduces the mortgage rate by up to 1.5%, as well as cashback incentives for installing heat pumps. The changes are part of Ecology's ongoing efforts to enhance its renovation mortgage offerings based on market demand.
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