PROPERTY FINANCE SPECIALIST

QIs it easy to get a mortgage on an ecofriendly home?

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It’s possible you’ll need a specialist self-build or custombuild mortgage, which is likely to work out more expensive than a standard residential deal.

Building Societies are often a good place to start, with the Mansfield, Hanley Economic, Newcastle and Furness worth considering. The Ecology Building Society provides mortgages for properties with a positive environmental or social impact. A broker will be able to point you in the right direction.

If you’re buying an energyefficient new-build home, have a look at Barclays’ range of ‘green’ mortgages, which offer cheaper rates to homebuyers. The two- and five-year fixed-rate deals come with a 0.1 per cent discount on standard Barclays products, saving £750 on a £150,000 mortgage over five years. Only those buying new-build homes with a predicted Energy Performance Certificate rating of A or B qualify. At launch, the offer was only available to those buying through one of five builders, including Barratt and Crest Nicholson, though Barclays plans to widen this out. HB