BoI offers ‘green mortgage’ discount

Bank of Ireland said its offer of a 0.2% discount for ‘green’ mortgage borrowers to upgrade their homes will incentivise homeowners to install energy insulation and help the fight against climate change.

Its ‘green mortgage interest rate’ is for borrowers taking out a fixed-rate mortgage, for up to 10 years, to buy or build an A-rated energy-efficient home, while a ‘green home improvement loan’ at a discounted, annual variable rate of 6.5%, for amounts from €2,000 to €65,000, will help people to install insulation or solar panels in their homes, the lender said.