There has been a lot to contend over the last few years with the country seemingly moving from one major event to another: Brexit, Covid, the Ukraine War and the subsequent Cost of Living Crisis, not being easy for many. However, in the background, an even greater existential crisis has been looming, growing and casting its shadow over our planet and future. Even the most ardent naysayers and climate-deniers are struggling to argue that our world is now changing at an increasingly alarming pace and almost everyone and everything is impacted.
Governments, businesses and consumers alike are being forced to change the way they operate and plan for the future. Climate activists may say that it is too little too late, but the last few years have seen a groundswell of opinion and consequent legislation, leading to an incentivisation of climate-friendly policies that impact all areas of our lives.
The housing and mortgage finance industries are certainly not immune to this movement, from the implementation of the Energy Performance Certificates (EPC’s) to the option to get ‘green mortgages’, which offer better deals for those buying ‘A’ or ‘B’ rated homes or provide loans to improve energy efficiency.
The focus on upgrading old homes and transforming the way we build new is only going to become more intense with the increase of green incentives within the industry; whilst those who do not keep up with best practices, run a higher risk of penalisation. This is just as important for buyers and sellers as it is for investors and landlords. Proprietors need to ensure those who rent are not left behind, after all, tenants are the ones who stand to benefit the most from decreasing their energy bills.
When it comes to remortgaging with a green loan, buyers could obtain advantageous terms for home enhancements to improve energy efficiency, such as double or triple glazing; Internal cladding; cavity wall and loft insulation to name a few. As these incentives become more commonplace, we are also likely to see a greater number of new homes and built-to-rent developments concentrating on energy-efficient properties, as the advantages of owning this type of property become overtly monetized.
The industry is growing to service the demand for more and more energy-efficient homes. A professional mortgage advisor will help determine whether a new home qualifies for the advantages of green lending, or whether improving the property makes financial sense. Our sister company, Capital Private Finance, which provides expert mortgage and finance advice, works closely with mortgage lenders to keep abreast of the changing environment.
"We help our customers with common concerns such as, how can I improve the energy efficiency of my property? And, will it really make a difference? Home improvements, for instance, insulating your home, not only helps the planet and saves energy, it will also substantially improve financing costs and safeguard the value of your home or investments at the same time."- James Keable Finance and Mortgage Services Director at Capital Private Finance.
Get expert mortgage and protection advice tailored to you
The experts at Capital Private Finance have access to a vast array of mortgage products and can access a range of specialist products not available to all brokers. This means that if it is possible to arrange finance, then we should be able to help you achieve your goals.
ALL MORTGAGES ARE SUBJECT TO STATUS AND LENDER CRITERIA. MORTGAGE PRODUCTS CAN BE WITHDRAWN AT ANY TIME.
A FEE WILL BE PAYABLE FOR ARRANGING YOUR MORTGAGE. YOUR CONSULTANT WILL CONFIRM THE AMOUNT BEFORE YOU CHOOSE TO PROCEED.
YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. YOU MAY HAVE TO PAY AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU RE-MORTGAGE.
Mortgages available through Capital Private Finance. Capital Private Finance is an Appointed Representative of Mortgage Intelligence which is authorised and regulated by the Financial Conduct Authority under number 305330 in respect of mortgage, insurance and consumer credit mediation activities only. Registered Office: Greenwood House, 1st Floor, 91-99 New London Road, Chelmsford, Essex, CM2 0PP. Registered in England & Wales under number 07552028.