Have you heard about Green Mortgages?
Looking for a mortgage that’s right for you and the environment?
Green Mortgages
What is a green mortgages?
The housebuilding industry realises that Climate change is a real issue and are always looking to make their new build homes more energy efficient, so in line with this lenders are now providing Green Mortgages.
A green mortgage is a mortgage product which targets specifically ‘green’ or energy efficient properties.
Some lenders view this as a positive step and as an incentive for buying a green home look to give buyers a preferential mortgage borrowing rates and/or amount.
Why green mortgages may save you money?
With the majority of new build homes being more energy efficient, usually category A or B, certain mortgage lenders may offer better rate or discounts on mortgage products for these more efficient properties.
We are all aware of the costs involved in buying a new home, however as an additional motivator, as new build properties are more energy efficient you could also benefit from a lower mortgage payment each month.
How can you find out more and take advantage?
The housebuilder selling the property you are looking to buy will be able to confirm the energy efficiency banding of the property, this will indicate if it is a green home or not and allow our team to help you to find a suitable green mortgage.
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How much
can I borrow?
How much can I borrow?
SUBJECT TO STATUS AND LENDING CRITERIA
This is not a formal quotation or a commitment to lend. All figures provided
are for
illustrative purposes only. Figures provided will be dependent on your financial situation,
property
value and the size of your deposit1 or equity.
How much deposit do I need?
BASED ON A MINIMUM 5% deposit.
This is not a formal quotation or a commitment to lend. All figures provided
are for
illustrative purposes only. Figures provided will be dependent on your financial situation,
property
value and the size of your deposit1 or equity.
How much will it cost me each month?
Interest rate 2 %
1.5%
5%
BASED ON A MINIMUM 5% deposit.
This is not a formal quotation or a commitment to lend. All figures provided
are for
illustrative purposes only. Figures provided will be dependent on your financial situation,
property
value and the size of your deposit1 or equity..
How much will my stamp duty be?
Is the Stamp Duty for an additional property?
Yes
No
This is not a formal quotation or a commitment to lend. All figures provided
are for
illustrative purposes only. Figures provided will be dependent on your financial situation,
property
value and the size of your deposit1 or equity.
How much can I borrow?
SUBJECT TO STATUS AND LENDING CRITERIA
This is not a formal quotation or a commitment to lend. All figures provided are
for illustrative purposes only. Figures provided will be dependent on your financial situation,
property value and the size of your deposit or equity.
