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Green Mortgages now being offered by Mortgage Lenders

Financial institutions are starting to make “green mortgages” available, this is brilliant news and will make it easier for homeowners to make their homes more energy efficient.

Green mortgages, also known as energy-efficient mortgages (EEMs) or eco-mortgages, are home loans specifically designed to encourage energy efficiency and NIBE air source heat pumps  sustainability in residential properties.

This is positive news as it allows homeowners to finance energy-efficient improvements for their properties, such as solar panels, renewable heating eg. air source heat pumps or ground source heat pumps and cooling systems, efficient windows and doors and insulation. These upgrades can help reduce energy consumption, lower utility bills, and decrease the environmental impact of the home, whilst also offering the homeowner more favourable loan terms and lower interest rates.

You can find more information and a list of green mortgage providers which has been created by the Green Finance Institute.

It’s important to note that the specific terms and conditions of green mortgages may vary depending on the lender and the specific program. Some green mortgage programs may have eligibility criteria. Therefore, it’s advisable for homeowners to research and compare different green mortgage options to find the best fit for their needs and circumstances.

 

 

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