Key Takeaways
- Green mortgages are offered by Banks and Building societies that reward you for taking out a mortgage based on the Energy Performance Certificate rating on your home.
- There are a few things that you can do to improve how energy-efficient your home is. Such as installing double-glazed windows or adding insulation to the roof.
- The benefit of a green mortgage is you can qualify for reduced mortgage rates compared to the regular product offering since the banks want to reward you for having an energy-efficient home.
Transcript
What are green mortgages?
Green mortgages are offered from banks and building societies that reward you for taking out a mortgage based on the Energy Performance Certificate rating on your home.
An Energy Performance Certificate confirms the energy efficiency of your property is, and the higher the rating, the lower the energy running costs on your property.
There are a few things that you can do to improve the energy efficiency your home, such as double-glazed windows or added insulation to the roof.
However, an Energy Performance Consultant will be the best person to advise you on this. Typically, the acceptable EPC rating to qualify for a green mortgage should be between an A and a C.
An Energy Performance Certificate can be found from an online register or the sales agent, which can confirm if you are eligible for a green mortgage.
The benefit of having a green mortgage is that you qualify for reduced mortgage rates compared to the regular product offering since banks want to reward you for having an energy-efficient home.