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Carbon Reduction Additional Borrowing

At Progressive, we're committed to helping our Members reduce their carbon footprint.

If you’re an existing Progressive mortgage customer and you’re making home improvements which will reduce the carbon energy used, our Carbon Reduction Additional Borrowing product may be suitable for you.

Energy that is generated using lower amounts of carbon emissions, such as using wind or solar power, are better for our environment.  Making improvements to your property, which reduce the carbon impact, can improve the energy performance of your home and potentially save you money on your home energy bills.


To qualify for our Carbon Reduction Additional Borrowing product, the following criteria will apply:

  • The property must be your main residential property;
  • Acceptable carbon reduction spend is defined as: air source heat pump, cavity wall insulation, double glazing/replacement windows, electric car charging point, ground source heat pumps, small scale wind turbine, tanks and pipes insulation. For loft insulation and solar panels, some exclusions apply;
  • A lower interest rate will be available for the Carbon Reduction Additional Borrowing amount, provided at least 50% of the additional borrowing loan is used for carbon reduction improvements;
  • No early repayment charges will apply if you wish to repay the Additional Borrowing early (subject to the interest rate deal applicable);
  • We will require either a quotation, invoice or certificate to evidence the carbon reduction spend amount;
  • We may carry out a re-valuation of your property;
  • An application fee will apply.


How to apply

See the product details below, and contact your local Progressive branch today to speak to a qualified mortgage advisor.

Branch Finder

Carbon Reduction Additional Borrowing Product

Type of mortgage

LTV (Loan to Value)

Product type




Additional Borrowing

Up to 85%

5 year variable discount


6.24% £250

Representative Example

Based on a start date of 15/12/2022, a mortgage of £30,000.00 payable over 19 years, initially on our 4.99% fixed rate until 14/12/2027, followed by our Standard Variable Rate currently 6.99% for the remaining 14 years, would require 60 monthly payments of £205.62 and 168 monthly payments of £232.09.The total amount payable would be £51,328.32 made up of the loan amount plus interest of £21,078.32 and an Arrangement Fee of £250.The overall cost for comparison is 6.24% APRC.

Contact your local branch

For more information you can call us, email us or pop into one of our 11 branches. We look forward to hearing from you.

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