Green mortgages
With the UK’s green mortgage market taking off, banks and building societies are offering an array of eco-friendly products to encourage homeowners to invest in making their properties more sustainable. These innovative mortgages come with incentives for improving energy efficiency. UK home upgrades present a major opportunity for lenders, as an estimated £250 billion is set to be invested by 2050. The call to action has been taken up by policy makers, NGOs and financial regulators alike who are asking lenders to examine the energy efficiency of their mortgages.
Nationwide offers a Green Additional Borrowing mortgage, which gives you a lower initial interest rate if you spend at least 50% of that money on energy efficient home improvements. As described in the savings section above, Ecology Building Society is more than just a mortgage provider – they strive to make positive environmental and social change through their specialist lending services. From unique projects, to tailored borrowing plans for individuals, this lender is committed to supporting those looking towards an eco-friendly future.
For information on green pensions take a look here.
