Ecology Building Society has announced further rate reductions across its mortgage range.
The rate on its self-build mortgage product has reduced by an additional 0.25%, down to 5.99% variable. This follows a previous decrease of 0.25% following the Bank of England base rate cut.
The Society has also reduced the rate on its newly-launched Eco Home Mortgage to 4.90% variable. This product is available to homes with an Energy Performance Rating of B* or above, and includes a full-term ‘eco home’ discount of 1.14%.
In addition, Ecology has reduced its SVR by 0.25% across its whole range of residential and commercial mortgage deals.
The ethical lender’s residential products include loans for energy-efficient conversions and renovations, while its range of commercial mortgages offers lending solutions to community housing schemes, sustainable housing developers and charities.