What is a ‘green mortgage’? 

May 11 2023

People often ask, ‘what is a green mortgage?’.  A green mortgage is a mortgage a bank or mortgage lender offers to home buyers which include preferential terms if they can show that the property their taking a loan out for can show it meets certain environmental standards.  This could be a new property with an existing sustainability rating, or where the borrower will commit to investing in improving the energy efficiency of their property.  

Green mortgages offer many benefits, from lower interest rates, increasing the value of the property and lowering energy bills and reducing the carbon footprint of your future home. However, as with all mortgage products, you could lose your home if you don’t keep up your mortgage repayments. We are unable to provide financial advice so would recommend if you were considering a green mortgage that you seek independent financial advice.  

The climate emergency and the rising cost of energy is causing us all to worry about the future of our planet and our household budgets. Lendology is proud to be able to offer Energy Efficiency Loans and Renewable Energy Loans that could make your property more environmentally friendly. 

We would strongly encourage that you consider a retrofit assessment to evaluate what measures would make a difference to the environmental performance of your home.  

Check out our loan calculator to calculate the monthly repayment on a capital repayment loan.  Remember, everyone receives a fixed interest rate of 4% (typical 4.2% APR) no matter how much you borrow or your financial circumstances.  Unlike many other lenders, this means that you will know at the time of applying exactly what the interest rate you are offered will be.    

For a free, no-obligation assessment or for more information, call Lendology on 01823 461099 or apply now: https://www.lendology.org.uk/apply-now/ 

Typical Example (4% fixed interest rate, Typical 4.2% APR). 

Borrow £5,000 over 60 months. £92.08 monthly repayments. Total amount repayable = £5,544.96, including £20 fee for registering the Title Restriction. Missing payments could affect your credit rating and ability to obtain credit in the future. Loans are subject to status and are typically protected by a Title Restriction. This means that you may not be able to sell your home without our permission unless the loan is fully repaid. This is a financial promotion approved by Lendology CIC. 

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