What is a green mortgage?
Already widespread in the USA, green mortgages are still relatively unknown in the UK even though they are gaining exposure. As more and more people are paying attention to environmental issues around the world, UK banks have started to follow suit and have extended their offers to this new kind of mortgage.
The housing sector may have been diverted onto other issues at present, but a Sustainable Homes event ‘Lean & Green’, found that, despite recent announcements, landlords were improving energy efficiency by focusing on the positives, realising efficiencies that also happened to be green – rather than the other way around. Simon Brandon reports.
After much bloodshed, it is an honour to be crowned as the king of this green and pleasant land. Under my watch, our nation will become more green and more pleasant, overcoming the long, cold winter of inefficient homes. I will take a pair of sharp scissors to the instruction to ‘cut the ‘green crap’, that one of my subjects, who will remain nameless, is alleged to have said. My programme of action for these 24 hours is ambitious, and if it proves popular I respectfully suggest Prince Charles can wait a bit longer.
There is much anecdotal evidence that living in a more energy efficient home leads to fewer tenants going in to arrears, but little concrete evidence. A new study is setting out to solve this.
Image courtesy of Rockwool