Cheaper green mortgages coming to market

Thu, 08 Mar 2007

Green mortgages are becoming all the rage, it seems, with fresh fixed-rate loans released by the Co-operative Bank . The mortgages, according to the ‘green’ lender, offer consumers who choose them ‘peace of mind.’

The different types of new loan are available to all customers, whether first-time buyers or remortgage borrowers. Climate change has come to the forefront of public thought, not to mention political agendas, over the course of the last year. The Co-op bank offers a range of mortgages that cater specifically for mortgage customers who want their loan to be clean and green.

The Co-Op provides a free energy report with each home valuation on their green mortgages. This report judges the energy efficiency of the house and suggests ways in which the property can be made more energy efficient .

The head of mortgages, John Barker, pointed out the importance of fixing your mortgage in a time of uncertain bank base rates. A number of other mortgage lenders are beginning to offer green fixed-rate mortgage loans, including the Ecology Building Society.
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