What is a green mortgage? It focuses on giving home buyers an incentive to find more energy-efficient homes or to make their current homes greener. Not only will you save on your monthly energy bills, but these types of mortgages can give clients either a larger loan amount, a lower rate or a loan on top of this for any green improvements.
The mortgage lenders will look at the EPC ratings of the home, as an EPC will have the current score and the potential score if home enhancements were made. Lenders are looking for ratings of usually an A or B. If you are looking to take out a mortgage for energy upgrades, this can either be done via cashback or with a lower interest rate.
If you would like to know more about a green mortgage, speak to us today on 01233 501601.
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