Nationwide launches product to rival Green Deal finance

Nationwide launches product to rival Green Deal finance

13 February 2013 Green Wise

Nationwide, the UK’s largest building society, has launched a new low cost borrowing product for its mortgage customers who are looking to improve the energy efficiency of their homes.

Nationwide said its 'Green Additional Borrowing’ offer will have an interest rate starting at less than three per cent and will "complement" the Green Deal. This is much lower than the current seven per cent rate being offered by the Green Deal Finance Company (GDFC). Green Additional Borrowing is one of the a number of high-street lending offers expected to launch on the market as the Green Deal gets underway. 

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