A green mortgage could be right for you
Did you know that not only could our energy-efficient homes save you over £2,200 per year on your energy bills*, they could also mean you’re eligible for a green mortgage. This could mean you're offered a preferential interest rate, an increased loan amount or cashback from your mortgage lender.
What is a green mortgage and what are the benefits?
A growing number of mainstream lenders are now offering green mortgage products, which encourage homeowners to buy energy-efficient homes. This is because they could cost less to run due to reduced energy bills, so you’re in a better financial position to be able to repay their loan.
As an incentive for choosing an energy-efficient home, you could be offered a preferential interest rate, an increased loan amount or cashback.
What homes qualify for a green mortgage?
Eligibility criteria for a green mortgage varies from lender to lender, but the property's Energy Performance Certificate (EPC) is typically a key factor. Homes are usually required to have an energy- efficiency rating of A or B.
This means not only could a brand-new Barratt home be up to 64% cheaper to run* but it could also mean you’re eligible for a green mortgage too.