Ecology Building Society was established in 1981 to help build a more sustainable future. It offers a large selection of mortgages to suit properties and projects that respect the environment, with each application assessed on its own merits. Available options include community, commercial, self-build mortgages and renovation mortgages.
Compare Ecology Building Society’s mortgage rates
cology Building Society’s buy-to-let mortgage rates
Overall representative example
If you borrow £178,000 mortgage over 25 years initially at 4.49% fixed for 60 months reverting to 7.99% variable for term. 60 monthly payments of £988.37 and 240 monthly payments of £1306.89. Total amount payable £373,335.80 includes loan amount, interest of £194,956, valuation fees of £0 and product fees of £0. The overall cost for comparison is 6.7% APRC representative.
Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
What types of mortgages can I get with Ecology Building Society?
- Fixed rate Your mortgage rate will be locked for a set amount of time, providing more certainty as far as the size of your monthly repayments. After your fixed-rate period ends, you’ll be switched onto the lender’s standard variable rate.
- Remortgages You can switch from your existing mortgage provider to Ecology Building Society via one of its remortgage products.
- Tracker With a tracker mortgage, your interest rate will shift up and down alongside another publicly available interest rate, typically the Bank of England base rate.
- Variable rate With these mortgages, the interest rate could fluctuate based on various economic conditions.
- Buy to let Buy-to-let mortgages allow you to buy an additional property and let it out.
- Shared ownership This type of mortgage allows you to buy a percentage of a property and pay rent on the remainder. You can then apply to buy additional percentages of the property as and when you can afford it.
How to apply
You can get in touch with the lender’s mortgage experts by calling 01535 650 770 or emailing info@ecology.co.uk.
Alternatively, you can arrange for a mortgage expert to get in touch via the ‘Enquire Now’ link on ecology.co.uk.
You’ll need to provie documents that confirm your personal information, such as proof of identity and proof of address. THe lender will also need paperwork that shows your financial situation including recent bank statements, recent payslips, benefit statements etc.
For most sustainable projects, the lender will need to learn more about the project itself, including confirmation of the costs, proof of planning permissions and the predicted energy rating.
Eligibility criteria
You must be a UK resident who is at least 18 years old, and no older than 85 whenthe mortgage term is due to end.
Employees must havebeen in their job for at least six months. Temporary or contract workers must have been in their current role for 12 months and provide evidence of further work. Self-employed applicatns must be able to show three years worth of accounts.
All applicants are subject to affordability checks. If you have previously suffered a property repossession, your application will be declined.
Frequently asked questions
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