C-Change Discounts
With an Ecology mortgage, you could save up to 1.50% against our standard variable rate.
Our C‑Change discounts reward you for improving the energy efficiency of your home — helping you to reduce your energy bills, lower your carbon footprint, and benefit from a lower mortgage rate at the same time.
Your home may be repossessed if you do not keep up repayments on your mortgage
C-Change explained
Housing accounts for a significant amount of the UK’s carbon emissions. To help combat climate change, we have developed our innovative C-Change mortgage discounts.
These discounts reduce your mortgage interest rate based on the energy efficiency of your property and are applied for the lifetime of your mortgage with us. Any discount for which you’re eligible will be applied upon completion of your project.
Are you eligible?
94% of our residential mortgage customers are eligible for one of our C-Change discounts*. You could be eligible for a discount if you’re:
- constructing an energy-efficient self-build
- converting a redundant building
- renovating a dilapidated property
- purchasing an energy-efficient new build
*Calculated February 2021
How does it work?
Take out your mortgage with Ecology
Build your new home or upgrade an existing property
Share your revised energy rating—we’ll calculate your discounted rate
How much can I save?
How much Once it’s been applied, the discount will be payable for the duration of the mortgage term held with Ecology.
The example shows a £224,500 mortgage over a 25-year term, payable at our variable rate (currently 6.04%). It compares the total amount payable without a discount, with the total amount payable should your project improve from an energy performance certificate (EPC) rating of D to an EPC rating of A after 12 months within the 25-year mortgage term, so achieving a 0.75% discount on our variable rate.
Total amount payable on Variable Rate*
£436,354.46
The overall cost for comparison is 6.3% APRC representative
Total amount payable with a 0.75% C-Change discount**
£408,010.34
The overall cost for comparison is 5.6% APRC representative
* Requires one monthly payment of £1,825.54 followed by 298 monthly repayments of £1,454.04. The total amount payable would be £436,354.46 made up of the loan amount plus interest and fees (£600 application fee and £625 valuation fee), assuming a purchase price of £350,000. This means you’ll pay back £1.94 for every £1 borrowed.
** Requires one monthly payment of £1,924.30 followed by 10 monthly repayments of £1,454.04. Upon the C-Change discount being applied upon completion of the works, 288 monthly repayments of £1,355.28 would follow. The total amount payable would be £408,010.34 made up of the loan amount plus interest and fees (£600 application fee and £625 valuation fee), assuming a purchase price of £350,000. This means you’ll pay back £1.82 for every £1 borrowed.
Our C-Change Mortgages
We currently offer two types of mortgage discount
Sustainable Homes Discount
For projects such as self-builds, new builds and conversions, which achieve high energy-efficiency standards
Retrofit Discount
For properties undergoing significant renovations works that will improve energy efficiency.
Sustainable Home Discount
For new and existing homes achieving high-energy standards.
What will I need to do?
You’ll need to provide the following before the Sustainable Homes Discount is applied:
- Confirmation your property is fully completed
-
The final energy certification
We’ll then reduce your mortgage interest rate by the appropriate discount for the rest of your mortgage term.
How does the discount work?
Once you’ve completed your property, confirm your energy rating to us and we’ll calculate your discounted rate.
Our Sustainable Homes Discount applies to properties with an EPC rating of A (SAP rating 110+) (++) through to B (SAP rating 88-91), as well as Passivhaus, CarbonLite and PHPP Modelled builds.
FAQs
Our Sustainable Homes discounts support new builds, existing homes and retrofits that achieve particular energy standards (see table). There are four tiers of discount available, which are linked to the energy standard of your property:
| Energy Standard | Ratings | Discount % |
|---|---|---|
| Passivhaus | Passivhaus | 1.50% |
| Passivhaus | PHPP Modelled | 0.75% |
| Energy Performance Certificate (EPC) | A (SAP rating 110+) (++) | 1.25% |
| Energy Performance Certificate (EPC) | A (SAP rating 100-109) (+) | 1.00% |
| Energy Performance Certificate (EPC) | A (SAP rating 92-99) | 0.75% |
| Energy Performance Certificate (EPC) | B (SAP rating 88-91) | 0.50% |
| Association for Environment Conscious Building (AECB) | AECB CarbonLite Building Standard | 1.00% |
Retrofit Discount
For renovations that will improve energy efficiency.
When will I qualify?
You’ll need to provide a final Energy Performance Certificate (EPC) for your property once all your renovation works are completed.
We’ll then compare it to the original EPC to determine your discount.
How the discount works
A 0.25% discount will be awarded for each grade improvement made to your property. We’ll then reduce your mortgage interest rate by the appropriate amount for the rest of the mortgage term held with Ecology.
FAQs
Most properties in the UK are issued with an Energy Performance Certificate (EPC) which measures the building’s current energy efficiency and its potential efficiency. We have developed our Retrofit discounts to reward renovators who improve the energy efficiency of their property. On the completion of your renovation, a discount of 0.25% off your interest rate is awarded for every EPC grade improvement you make to the property.
We recognise that some renovation projects go beyond the EPC criteria, so we also include the Passivhaus EnerPHit standard and the AECB Standard Retrofit in our renovation discount group.
| Energy Standard | Ratings | Discount % |
|---|---|---|
| Energy Performance Certificate (EPC) | Rating improvement | 0.25% for each grade |
| Passivhaus | EnerPHit or EnerPHit+i | 1.50% |
| Passivhaus | EnerPHit (PHPP Modelled) | 0.75% |
| Association for Environment Conscious Building (AECB) | AECB CarbonLite Building Standard | 1.00% |
For more information, please download our C-Change Discount leaflet
Download C-Change leaflet
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