Sustainable Building Loan offer

Energy Performance Certificates (EPC) show how energy efficient your building is. We will give you £2000 cashback when you use a Charity Bank loan to buy or build a property with an EPC rating of A, or £1000 if it’s B rated.

You can find an energy certificate for properties in England, Wales or Northern Ireland on the government website and for properties in Scotland here. This offer/cashback is for each property, although the total cashback paid will be no more than the amount of the applicable loan arrangement fee.

How does it work?

If you are eligible for this offer all you will need to do is show us a copy of your Energy Performance Certificate(s) within three months of drawing your loan (or within three months of Practical Completion for developments), we will then write to you to confirm your eligibility and transfer the cashback direct to your nominated bank account.

Energy Improvements Loan offer

If you use a Charity Bank loan to make improvements to your existing building, we’ll reward you by refunding the loan arrangement fee relating to these improvements once the energy efficiency work is complete.

How does it work?

The loan arrangement fee relating to the energy improvement aspects of your loan will be refunded when your loan draws and you provide supporting invoices that show these works are complete. If you believe you are eligible for this offer let us know as soon as possible, the percentage of your loan (and therefore arrangement fee) relating to the energy improvement aspects of your loan, will be put in writing as part of our loan offer.

Terms

General

1. Approved Charity Bank loans, as of 6 April 2022, are excluded. We define ‘Approved Charity Bank loans’ as any loan that is drawn in part or full.
2. Charity Bank’s standard arrangement fee is 1% for loans of £250k and more, 1.5% for loans less than £250k and 2% for loans less than £100k but may vary depending on the complexity of the transaction. Other fees may apply. All fees will be set out during the loan application process.
3. Charity Bank’s standard loan terms apply, with a minimum loan amount of £50k for new customers. There is no minimum loan amount for existing Charity Bank customers seeking to add to an existing loan facility.
4. For further details on Charity Bank’s loans, visit www.charitybank.org/loans or contact our loans team on the details at the bottom of this page.
5. These offers cannot be used in conjunction with any other Charity Bank offer.
6. Refinancing of loans from other loan providers may be considered.
7. All loans are subject to eligibility, assessment and approval by Charity Bank and security may be required - please see our Loans webpage for more information. Eligibility for these Green Loan Offers is at the sole discretion of Charity Bank.
8. We reserve the right to change these terms at any time, including to end or extend this offer. If any changes occur and we have already confirmed that you fulfil the eligibility criteria for one of these offers, we will contact you directly in accordance with our Terms and Conditions. Wherever possible we will give prior notice of any such changes on this page (www.charitybank.org/GreenLoans).

Sustainable Building Loan offer

1. It is your responsibility to send us a copy of your Energy Performance Certificate(s) within three months of drawing your loan (or within three months of Practical Completion for developments). Energy Performance Certificate(s) must be in date and available for you to qualify for this offer.
2. You will need to have drawn at least the first part of your loan and/or achieved Practical Completion for new developments by 31 December 2023 to qualify.

3. A Certificate of Practical Completion is issued by an appropriately indemnified Professional such as a Quantity Surveyor when all of the contracted works have been carried out.

4. There are certain types of buildings that do not need an EPC and, therefore, you will not be eligible.

Energy Improvements Loan offer

1. Energy improvement work that qualifies are biomass heating; double or triple glazing; ground source heat pumps; heat recovery systems; installing a condensing boiler; installing floor, wall, and roof installation; installing low water-use appliances; photovoltaics; rainwater harvesting; solar water heating; wet underfloor heating systems; and wind turbines.
2. Other energy improvements will be considered on a case-by-case basis.
3. It is your responsibility to notify us if you are eligible for this offer and to supply us with evidence/invoices for the work before the deadlines below.
4. You will need to have drawn at least part of your loan by 31 December 2023 and completed the energy improvements by 31 December 2024 to qualify.
5. The percentage of your loan (and therefore arrangement fee) relating to the energy improvement aspects of your loan, is at the sole discretion of Charity Bank.

About Charity Bank

Charity Bank is the loans and savings bank owned by and committed to supporting the social sector. Since 2002, we have used our savers’ money to make more than 1,100 loans totalling over £400m to housing, education, social care, community and other social purpose organisations.

Find out more about us here.

Nothing in this article constitutes an invitation to engage in investment activity nor is it advice or a recommendation and professional advice should be taken before any course of action is pursued. Loan applications are subject to credit assessment. This does not affect your credit score. We may seek to recover any property or assets provided as security if you do not keep up repayments on your loan. Rates depend on individual/business circumstances.