Greener Mortgages

You must be buying a new build home to live in. Once built, it must have an energy efficiency rating of A or B. You’ll also need a 15% deposit.

Each Greener Mortgage has a ‘loan to value’ ratio or ‘LTV’ that indicates the size of deposit needed compared to the value of your new home. For example, a Greener Mortgage with an 85% LTV requires a 15% deposit. So if your property is valued at £100,000, you’ll need a £15,000 deposit to borrow the remaining £85,000 needed to buy it.

You can check you're mortgage ready Link opens in a new window and begin your application online right now. If you’d rather get some advice, you can call us on 0330 127 4869 or speak to a mortgage broker.

Greener Mortgages are not currently available for remortgages or buy to let purchases, but we hope to expand the range in future.

Remember, your new build needs to be A or B energy rated. When you apply, we’ll need to see your new home’s Energy Performance Certificate (EPC). If your home is still being built and doesn’t yet have an EPC, then a Predicted Energy Assessment (PEA) or a Standard Assessment Procedure (SAP) calculation is fine too.​

A mortgage broker will take care of this for you. But if you’re applying to us directly, just ask your new house builder, sales manager or site office for a copy. Take a photo of it or scan it and send it to docs@virginmoney.com.

To reduce our impact on the environment, we should all try to reduce our everyday carbon footprint. But some emissions are more difficult to reduce, like carbon produced from heating and lighting our homes.

The good news is, we can cancel out some of those emissions by funding natural or clean energy projects. Some projects absorb carbon from the environment, like tree planting. Others help us use natural energy like wind, solar and hydro power, instead of fossil fuels that produce carbon dioxide and contribute to global warming.

That's why we've teamed up with Carbon Neutral Britain Link opens in a new window to help fund sustainable projects around the world. So every time a customer takes a Greener Mortgage, we’ll make a one-off payment to help those projects cancel out 5 tonnes of carbon emissions. That’s the equivalent of the average emissions generated by heating and lighting a UK home for a year (source: Carbon Neutral Britain 2021).

We’re working hard to put our carbon foot down and reduce the negative impact our operations, suppliers and partners have on society and the environment.

We aspire to be a net zero operation by 2030. That goes for the suppliers and partners we work with too, and we’ve already made a great start.

Our progress so far

• 100% of the electricity that we are responsible for is now generated through renewable sources
• We’ve reduced the amount of paper we use by 31% since 2019
• None of our waste is sent to landfill

Read more about our approach to sustainability