GREEN MORTGAGES

23.9.22 Residential

If you’ve an energy-efficient home, you could save with a green mortgage.

A growing number of mainstream lenders are now offering  ‘green mortgages’. Essentially, a green mortgage is meant to increase the appeal of owning a green property. On top of the savings you’ll make on your energy bills each month, the idea is that lenders give you cashback and/or a better interest rate when you take out a green mortgage on an energy-efficient property.

Lenders are willing to offer incentives of this nature because they increasingly see energy-efficient properties – in this era of combating climate change – as less risky purchases and more likely to hold their value. Plus, if a homeowner is spending less on their energy bills each month,  they’ll find it easier to meet their mortgage repayments.

To qualify, you need to purchase a property with an Energy Performance Certificate (EPC) rating of A or B. The benefit of buying a TAYLOR LINDSEY HOME is that all our properties meet this criteria.

While it’s likely more lenders will start to offer green mortgages in the future, the number of high-street lenders that currently offer a green mortgage is small so we recommend speaking to a mortgage broker. A good broker  will be able to highlight green mortgages for you.

Taylor Lindsey Homes recommends mortgage broker  CONCISE FINANCIAL SOLUTIONS who can be contacted on 01522 56722 or email at enquiries@concisefs.co.uk.