Fancy a reward for retrofitting when you remortgage?
How does a lower mortgage rate, lower energy usage and doing less harm to the environment sound? We thought you might like that!
That’s why we offer a ‘retrofit discount feature’ on our remortgage range. If you install solar panels or a heat pump, we will lower the interest rate on your mortgage. Lower monthly mortgage payments and lower carbon emissions. Win-win!
If you want to know more, simply download our helpful guide.
How do I qualify for the discount?
We will lower the interest rate on your mortgage by 0.20% if you install:
- Solar panels (with minimum installed capacity of 2kW), or
- A heat pump
To get the lower rate, you must:
- Remortgage to Perenna
- Have the work completed by an MCS certified installer
- Provide us with the MCS certificate or certificate number within 2 years of the mortgage start date
What do I need to do?
There are just four simple steps to follow:
- When you're applying for a Perenna remortgage, simply let your broker know that you'd like to add the retrofit discount feature.
- Get quotes from different installers (we'd suggest around 3) and decide which company you want to use. Don't forget, they must be MCS certified.
- Sign the contract with the installer and agree a date for the work to be done. The work must be completed after your mortgage start date, but within 2 years of it.
- Once the work is done and you have received an MCS certificate, simply let us know. We'll then lower your mortgage rate for you.
Don’t forget, if you would like to benefit from the retrofit discount feature, you must opt in during the mortgage application process. The feature cannot be added to the mortgage at a later stage and is not available on our Retirement Interest Only range.
How do I apply?
Perenna mortgages are available through independent mortgage brokers only. They can provide tailored advice on your mortgage needs. Plus, they’ll know all about our mortgages, so can answer any questions you may have.
Why is Perenna doing this?
We want to do our bit to help tackle climate change.
Installing low-carbon technologies is a great way to reduce your carbon emissions at home. But we know that this can be costly, and sometimes tricky. And this may not be a priority for you and your family.
That’s why we want to offer this discount. We want to reward you for taking on the challenge. Because every home that gets decarbonised gets us one step closer to a brighter future.
Looking to find out how much you could borrow?
Try our calculator to see how much we may be able to lend to you, the products we have available and what your monthly payments could be.
The monthly payments will not include any discounts for retrofitting. But if you let your broker know you’re interested, they can discuss these with you.
Not sure where to start?
Deciding to upgrade your home can take time and isn’t always easy.
It may be hard to know where to start… But there is a lot of help out there. To make things easier, we’ve pulled together some information from independent trusted sources.
I’m not ready to make big changes, what else can I do?
Don’t worry. If you’d like to find ways to reduce your energy usage but aren’t ready to take the plunge with bigger changes, there’s still lots you can do. Every change can make a difference. Use our retrofit calculator to find out more about what you could do at your home.
