{"id":14834,"date":"2018-04-10T12:15:24","date_gmt":"2018-04-10T11:15:24","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=14834"},"modified":"2018-04-10T12:15:24","modified_gmt":"2018-04-10T11:15:24","slug":"going-green-means-you-could-benefit-from-cheaper-mortgage-rates","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/news\/going-green-means-you-could-benefit-from-cheaper-mortgage-rates\/","title":{"rendered":"Going green means you could benefit from cheaper mortgage rates"},"content":{"rendered":"

Buyers of new-build homes might want to look to Barclays for a mortgage deal following their announcement of a new “green” mortgage.<\/strong><\/p>\n

Set to launch next week, this exciting new mortgage product will reward buyers of new-build,\u00a0energy efficient homes<\/a> with access to lower interest rates.<\/p>\n

The green mortgage is open to people with deposits<\/a> starting at 10%, and on Help to Buy<\/a> mortgages for those with a 25% deposit or more. Homeowners will benefit from preferential interest rates on two- and five-year fixed rate mortgages, with a 0.1% discount compared to Barclays standard products.<\/p>\n

Rewarding customers for a low-carbon sustainable lifestyle<\/h4>\n

“Given Barclays’ commitment to supporting our customers’ transition to a low-carbon and sustainable lifestyle<\/a>, we have compelling reasons to launch this pioneering product. We’re looking forward to expanding our offer to more customers and through more housebuilders<\/a> later this year,” said Hannah Bernard, head of Barclays Mortgages.<\/p>\n

82% of new-build homes built last year are eligible<\/h4>\n

Currently, borrowers buying new homes from a group of five partner housebuilders, with an Energy Performance Certification<\/a> (EPC) rating of A or B, are eligible for the new green mortgage. Given that 82% of new-build homes completed last year had an EPC rating of A or B, this means a significant number of new properties qualify for the new green mortgage.<\/p>\n

The current partner housebuilders are Barratt Homes<\/a>, Berkeley Group, Countryside Properties, Crest Nicholson and Redrow Homes, and Barclays aims to roll out the new mortgage to all major UK housebuilders<\/a> by the end of this year.<\/p>\n

Government\u2019s Green Finance Task Force driving the green mortgage market<\/h4>\n

Only last week, the government issued policy suggestions<\/a> to drive green investment in the UK. It is believed that the development of the UK\u2019s green mortgage market will help to “mainstream” the environmental factors in the house buying process.<\/p>\n

For environmentally conscious<\/a> customers, for the first time Barclays is offering a real alternative to the average high street lender and encouraging others to consider the environmental factors in buying a home. With the average saving on a typical \u00a3150,000 mortgage for top-EPC rated mortgages estimated to be \u00a3750 over five years, a financial reward for “going green” is certainly worth considering.<\/p>\n","protected":false},"excerpt":{"rendered":"

Buyers of new-build homes might want to look to Barclays for a mortgage deal following their announcement of a new “green” mortgage. Set to launch next week, this exciting new mortgage product will reward buyers of new-build,\u00a0energy efficient homes with access to lower interest rates. The green mortgage is open to people with deposits starting… Read more »<\/a><\/p>\n","protected":false},"author":3380,"featured_media":14839,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4,26,6],"tags":[25,44,341],"class_list":["post-14834","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-tax-mortgages-money","category-uk-housing-market","tag-mortgages","tag-new-build","tag-newsletter"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/14834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/users\/3380"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/comments?post=14834"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/14834\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/14839"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=14834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=14834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=14834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}