Green Mortgage Watch
If you’re thinking about buying a new home, you’ll likely be keeping a close eye on the mortgage market.
While it’s been an unusual time, it’s been reassuring to see lenders offering preferential rates to buyers of energy efficient homes - and the outlook is getting brighter by the day.
Green mortgage deals are currently being offered at 4.7% on a five-year fixed rate (90% LTV)*, but the rewards for buying an energy efficient home don’t stop there.
Owners of new build homes can expect to save £2000 on energy costs and our properties are 27% more energy efficient than the national average**.
What’s more, lenders are taking all of this into account when carrying out affordability checks and generally, the lower your outgoings, the more you can afford to borrow.
With financial incentives and environmental benefits, Green Mortgages are being welcomed across the board. If you’re interested in finding out more, mortgage advisor Scott Howitt and buyer Mike Sanders tell you all you need to know here.
*Accurate at the time of writing
** Average Countryside SAP is 84.2 compared to the national average in England which is 66 according to the English Housing Survey