The deal
Nationwide building society is offering a 0.5 per cent reduction in the cost of loans for customers making energy-efficient home improvements.
Good points
The offer cuts the cost of borrowing to as little as 2.29 per cent. Customers can borrow up to £20,000 up to a maximum loan-to-value of 85 per cent.
Bad points
The low-cost green loan deal is sadly only available to existing Nationwide borrowers. While there's no product fee, there is a £99 booking fee.
Conclusion
This is a carbon copy of the Co-operative Bank's Energy Efficient Grant, which offers green loans to its customers at 1.54 per cent. It would be great to see other lenders follow as the right improvements can cut people's home energy bills.
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