Ecology Building Society has launched a groundbreaking new mortgage discount designed to help combat climate change. The new C-Change mortgage discount will reward borrowers with 1% off the Ecology's Standard Variable Rate (SVR) on mortgage funds used to equip their homes with energy saving solutions and renewable energy generation. The installation of energy saving measures such as insulation, double or triple timber-framed glazing, or a condensing boiler will qualify for the 1% discount.

Mortgage funds used for renewable energy generating technologies such as solar panels, wind turbines or wood-fuelled heating will also benefit from the C-Change incentive.

Interestingly, the Ecology's C-Change product was launched just as the government's Housing Minister, Yvette Cooper, called on mortgage lenders to provide 'green mortgages which give homebuyers money to meet the costs of making energy saving improvements'.

The Ecology's Chief Executive Paul Ellis responds 'At the Ecology Building Society we have been offering our distinct brand of green mortgages for 25 years'.

'Our new C-Change discount is an additional incentive designed to help homeowners reduce the cost of improving their home's energy efficiency, which will reduce their energy requirements, lower carbon emissions and of course save on fuel bills too.

With the rising cost of energy and the increasing range of carbon saving solutions available to homeowners, we believe this initiative makes economic, as well as ecological sense.'