Green finance is an exciting and growing part of the mortgage market, offering homebuyers, homeowners and buy-to let landlords an opportunity to embrace the future, reduce their energy bills and be kinder to the planet.
Solutions vary but all aim to reward you for investing in a greener home or improving the energy efficiency of an existing property, with the potential of securing cashback or reduced rates. More lenders are entering this market each month, so if you would like to discuss the various solutions available, please get in touch with one of our green finance experts.
Why now?
Growth in the availability of green finance solutions is being driven by a combination of factors. Homes account for almost 30% of energy use and around 20% of greenhouse gas emissions in the UK, according to official figures. That puts homes with low ratings at risk of future government regulations to limit emissions, whilst also making them vulnerable to rising energy costs.
As part of its goal to become net zero by 2050, the UK government has also introduced legislation in the buy-to-let market that will require all new tenancies to have energy performance certificate ratings of C or above, meaning the race is on to upgrade the sector’s housing stock. Plus, lenders themselves are seeking to limit their exposure to assets that are considered damaging to the environment.
We can help you make the most of this growing opportunity within property finance.
How can I find out more?
If you want to learn more about Green Finance and making improvements to your home please get in touch. We have experts waiting to help you.