Your Business and Industry
Why your homeowner clients might suit a green mortgage this year
Green mortgage options are expected to be a growing option for landlords and owner-occupiers over this next decade and we are pleased to be among the trail blazers with our ‘Green Reward’ remortgages.
However, how big a market is there of landlords and homeowners intending to make these eco improvements this year?
We take a look at the insight from those tradespeople who are completing the work.
Late last year, research from plumbing and heating trade supplier City Plumbing revealed that eight in 10 (84%) homeowners are planning to make their property ‘greener’ in the coming year, with reducing energy bills a key motivation. In addition, nearly a third (31%) of homeowners think that eco improvements could make their home more comfortable for them and their family, whilst a quarter (27%) believe it would make their property more attractive to prospective buyers.
The most popular energy efficient home improvements were suggested to be loft insulation (21%), followed by cavity wall insulation (20%), solid wall insulation – internal or external (17%), under floor insulation (16%), radiators (13%) and underfloor heating (12%).
Furthermore, a 2021 report from Rated People highlighted that 57% of UK residents said they wanted to be more eco-friendly in 2021 – whether that’s by recycling more, eating less meat, or making their homes eco-friendlier or more energy-efficient. In 2020, uPVC windows and doors, roof insulation and solar panel installation were amongst the top 15 eco jobs posted on the Rated People website.
Find out about our Green Reward mortgage for owner occupiers here
With growing numbers of people looking to improve their energy efficiency and carbon footprint, demand for green mortgage products is set to rise. Our products have been designed to provide a specialist mortgage solution to those homeowners who have made energy efficient improvements to their homes and deserve to be rewarded for their ‘green’ endeavours. And this is an ethos which is already generating a great deal of interest from borrowers and intermediaries.
If our approach and product range is something you would like to know more about then why not speak to us…
