Nationwide is expanding its Green Additional Borrowing offer, letting homeowners borrow up to £20,000 interest-free for eco-friendly home improvements.
The scheme is available for existing mortgage customers and includes upgrades like solar panels, insulation, and energy-efficient windows.
Following a successful first round in 2024, demand is high, and homeowners looking to create their own eco homes are urged to apply quickly before availability runs out.
Article continues below0% loans: How do they work?
The Green Additional Borrowing mortgage allows existing Nationwide mortgage holders to borrow between £5,000 and £20,000 at 0% interest for either two or five year terms.
The loan must be used exclusively for energy-saving improvements, such as boiler upgrades, solar panels, air-source heat pumps, loft or cavity wall insulation, double or triple glazing, and electric car charging points. Monthly payments remain interest-free for the chosen term, after which the remaining balance converts to Nationwide’s standard mortgage rate.
Henry Jordan, Nationwide’s Group Director of Mortgages, said: “We are committed to helping our members improve the energy efficiency of their homes. Extending our zero per cent Green Additional Borrowing products will help another five thousand households who want to retrofit their home and can afford long-term investment but struggle to meet the upfront costs.”
This is an expansion of the 2024 offer, which proved extremely popular. That scheme, also allowing up to £20,000 for green home upgrades, saw its first allocation sell out quickly, demonstrating the appetite for affordable, eco-friendly home improvements.
Who qualifies for Nationwide's 0% loans?
To access the Green Additional Borrowing, homeowners must have an active Nationwide mortgage, with the combined total of their existing mortgage and the additional borrowing not exceeding 90% of the property’s value.
The additional borrowing term cannot exceed the remaining term of the existing mortgage, and only one Green Additional Borrowing mortgage per property is allowed.
Nationwide recommends that interested homeowners act quickly, as the previous round in 2024 sold out fast due to high demand for energy-efficient upgrades.
Why it matters for homeowners
With energy costs rising and climate concerns increasing, the mortgage gives homeowners a practical way to make their homes more energy-efficient without upfront costs.
Home improvements financed through this scheme can reduce energy bills, increase property value, and contribute to the UK’s decarbonisation goals.
By doubling the availability from the initial 2024 offer, Nationwide is making it easier for thousands more households to access interest-free funding for green upgrades, but limited availability means acting quickly is essential.
