Attic insulation being laid. Bank of Ireland has moved to rework its fixed-rate green mortgage range to offer customers discounts in future running from homes with energy efficiency ratings of A right down to G. Photograph: PA
Customers with a home carrying a Building Energy Rating of A would qualify for a 0.35 percentage point discount against the prevailing fixed-rate price for their loan product. The discount narrows to 0.3 points for B-rated homes right down to 0.05 points G-rated properties. “The more energy efficient your home becomes, the more your EcoSaver mortgage interest rate reduces. Almost three quarters of the housing stock in Ireland is BER C and lower,” said Alan Hartley, director of homebuying at Bank of Ireland.
“Savings made through EcoSaver rates will contribute to the cost of retrofitting a home, so our customers can save money and improve their homes,” said Aine McCleary, chief customer officer with Bank of Ireland.