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Ecology Building Society

Ecology Building Society is dedicated to the principles of sustainability and creating a greener environment. The society provides members with ethical savings accounts and sustainable mortgages.

Compare mortgages

Reason for mortgage
£
£
years
How would you like to repay?
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Rate type Initial rate Fees Overall cost
APRC

Overall costs for comparison. This is a way of comparing most costs including interest and fees.

Monthly cost
Rate type
Variable
Initial rate
4.65% (variable)
Fees
£813fees
Overall cost
4.8%APRC
Monthly cost
£903.01 for months then £903.01 (variable)
for 300 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Available for shared ownership
  • Up to 95.0% loan-to-value (LTV) available.
  • Eligible for first-time buyers, home movers.

Additional criteria for acceptance from the lender may apply.

Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £271,715 includes: Loan amount (£160,000); Interest (£110,903); Booking fee (£300); Valuation fee (£300); Legal fee (£118); Funds transfer fee (£25); Mortgage discharge fee (£35); Deeds release fee (£35); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Variable
Initial rate
4.9% (variable)
Fees
£863fees
Overall cost
5.0%APRC
Monthly cost
£926.05 for months then £926.05 (variable)
for 300 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 70.0% loan-to-value (LTV) available.
  • Eligible for home movers, buy to let.

Additional criteria for acceptance from the lender may apply.

Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £278,676 includes: Loan amount (£160,000); Interest (£117,814); Booking fee (£350); Valuation fee (£300); Legal fee (£118); Funds transfer fee (£25); Mortgage discharge fee (£35); Deeds release fee (£35); Fees are assumed to be paid up front and not included in the amount borrowed.
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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

About Ecology Building Society

The idea for an ecological building society was sown at a Green Party conference in 1980 when a solicitor complained about the difficulties he had finding a mortgage for a property renovation. When it was suggested that a building society be formed, the idea found favour and the Ecology Building Society was formed.

The Ecology Building Society began in Cross Hills, West Yorkshire, and from small beginnings it has grown into a successful eco-friendly society. By 1985, more than 1,000 people had invested in the society and by 2007, that number had reached 10,000.

Sustainable Ecology BS mortgages are designed to reduce the environmental impact of the product. The society promotes eco-friendly building practices and all Ecology BS mortgages are funded by savers rather than external money markets.

The Ecology Building Society will always consider lending on properties and building projects with an environmental benefit, even if other lenders have said “no”.

Properties and projects featuring energy saving improvements, conversion of a disused building, and renovations of derelict properties will always be considered. Dwellings constructed using traditional building techniques and projects that respect the environment will also be considered.

Typical Ecology BS mortgage products include standard variable rate and interest only deals. Interest is calculated on a daily basis.

Special discounts are available for energy efficient homes, and homes requiring energy efficiency improvements.

The society lends to a wide range of individuals, businesses, charities, co-operatives, housing associations, housing developers and existing borrowers. There are lots of different mortgage products on offer from the Ecology Building Society. These include residential and buy to let mortgages, interest mortgages for older borrowers, commercial mortgages, products for housing co-operatives and shared ownership schemes, and even mortgages for organic farms and small woodlands.

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