{"id":21694,"date":"2018-10-18T17:22:27","date_gmt":"2018-10-18T16:22:27","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=21694"},"modified":"2023-10-10T10:47:32","modified_gmt":"2023-10-10T09:47:32","slug":"new-green-mortgage-to-incentivise-energy-conscious-homeowners","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/2018\/10\/18\/new-green-mortgage-to-incentivise-energy-conscious-homeowners\/","title":{"rendered":"New \u2018Green Mortgage\u2019 to incentivise energy-conscious homeowners"},"content":{"rendered":"<p><b>A new Green Mortgage\u00a0<\/b><b>product<\/b><b>\u00a0is\u00a0<\/b><b>being developed<\/b><b>\u00a0by energy giant Eon in partnership with BNP Paribas Personal Finances.<\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:360}\">\u00a0<\/span><\/p>\n<p>In support of the Government\u2019s Clean Growth Strategy\u00a0which\u00a0aims to bring as\u00a0many\u00a0homes as possible up to\u00a0Energy\u00a0Performance\u00a0Certificate band C by 2035, the new Green Mortgage product will reward borrowers for improving the\u00a0energy\u00a0efficiency of their homes. Currently, around 19 million (71%)\u00a0UK households\u00a0fall below the\u00a0band C rating.\u00a0<span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:360}\">\u00a0<\/span><\/p>\n<p>Homeowners,\u00a0including\u00a0first-time\u00a0buyers, home movers and remortgagers will be able to borrow further\u00a0against their\u00a0mortgage\u00a0with\u00a0a linked \u2018energy efficiency home improvement loan\u2019. The use of this loan to\u00a0improve\u00a0their homes\u00a0energy\u00a0efficiency\u00a0using the Eon managed service\u00a0could\u00a0result\u00a0in a discounted mortgage rate.<span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:360}\">\u00a0<\/span><\/p>\n<p><b>Homeowners will benefit from energy and mortgage savings\u00a0<\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:360}\">\u00a0<\/span><\/p>\n<p>The development of\u00a0a\u00a0Green Mortgage product is an attempt by Eon and\u00a0BNP Paribas Personal Finances\u00a0to\u00a0help homeowners improve the energy efficiency of their homes,\u00a0by removing the financial barrier for such improvements. The incentive of a reduced rate mortgage means\u00a0customers\u00a0could\u00a0benefit from up to \u00a3380 per year on energy savings and\u00a0make\u00a0savings\u00a0on their monthly\u00a0mortgage repayments.<\/p>\n<p>While buyers of\u00a0<a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2018\/04\/10\/going-green-means-you-could-benefit-from-cheaper-mortgage-rates\/\">new build homes<\/a>\u00a0have been able to take advantage of green mortgages for some time,\u00a0an\u00a0affordable source of finance\u00a0and the possibility of a discounted mortgage rate\u00a0could be the incentive existing homeowners need to\u00a0act on the energy performance of their homes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new Green Mortgage\u00a0product\u00a0is\u00a0being developed\u00a0by energy giant Eon in partnership with BNP Paribas Personal Finances.\u00a0 In support of the Government\u2019s Clean Growth Strategy\u00a0which\u00a0aims to bring as\u00a0many\u00a0homes as possible up to\u00a0Energy\u00a0Performance\u00a0Certificate band C by 2035, the new Green Mortgage product will reward borrowers for improving the\u00a0energy\u00a0efficiency of their homes. Currently, around 19 million (71%)\u00a0UK households\u00a0fall below<a class=\"excerpt-read-more\" href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2018\/10\/18\/new-green-mortgage-to-incentivise-energy-conscious-homeowners\/\" title=\"ReadNew \u2018Green Mortgage\u2019 to incentivise energy-conscious homeowners\">&#8230; Read more &raquo;<\/a><\/p>\n","protected":false},"author":3380,"featured_media":21695,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[26],"tags":[360],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/21694"}],"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=21694"}],"version-history":[{"count":1,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/21694\/revisions"}],"predecessor-version":[{"id":6097430,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/21694\/revisions\/6097430"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/21695"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=21694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=21694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=21694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}