18% more green mortgages are now available
Green mortgage popularity is evidently on the rise as we all do our bit to make the world an eco-friendlier place.
In the current market, there are a total of 648 green mortgages available, compared to October 2021, when just 550 were available. *
What is a “green mortgage”?
This type of mortgage allows homeowners to benefit from preferential terms when purchasing a property that meets certain requirements. Often, these mortgages are available on new-build homes with high EPC ratings.
However, if you have made energy-saving improvements to your home or renovated your property, you may be eligible on the basis that your new EPC rating is an A or B. It is important to note that some lenders will offer green mortgages on properties with an EPC rating of C.
Could you be eligible for a green mortgage?
The easiest way to find out whether a green mortgage is suitable for you, is to discuss your mortgage with an expert. They will be able to advise you on which products are available, and help you outline the next steps.
Are you looking for further advice? Get in touch with our expert property team today.
*Property Reporter
This article was originally published by BriefYourMarket and is reproduced here with their permission.
For more company news and insights from Pygott & Crone, click here
Latest news
Shared ownership: Is it a stepping stone or a trap?
Shared ownership is one of the most widely discussed routes onto the property ladder for first-time buyers who cannot afford to purchase outright.
Conveyancing Explained: What Happens Between Offer and Completion
The moment a seller accepts an offer feels like the conclusion of a long process.
Why Families Are House Hunting Right Now Instead of August
The family buyer is the most time-constrained purchaser in the property market.
The Green Upgrades Tenants Actually Care About vs The Ones They Don't
The language around energy efficiency in rental properties has become increasingly technical.
