Building sustainably
Green finance
Our ambition is to unlock green mortgages and financial products to encourage sustainable living.
Demand for energy efficient housing is increasing, driven by an evolving regulatory framework, rising energy costs and changing consumer preferences – trends that are set to continue.
At present the UK’s existing housing stock, which is amongst the oldest and least energy efficient in Europe, does not meet the needs of prospective homeowners. Homeowners are facing significant cost to improve the energy efficiency of their home, while facing sharply rising energy costs if they do not. This challenge brings affordability into the heart of the debate.
Green mortgage products, which recognise the energy performance of a home and incorporate this into affordability assessments would allow customers to borrow more and pay less on their mortgage repayments and therefore can play a critical role in increasing consumer perception of the benefits of buying an energy efficient home.
We collaborate with lenders to encourage the development of green mortgage products that reflect the energy efficiency of our homes.
Key activities in the year related to green mortgages can be found here on our Building Sustainably Framework.
