PROP­ERTY FI­NANCE SPE­CIAL­IST

House Beautiful (UK) - - PROPERTY OF THE MONTH - ME­LANIE BIEN Money ex­pert and founder of Bien Me­dia

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

Alen­ders mort­gages mod­u­lar Much con­struc­tion prop­erty. are home, on un­likely de­pends a for flat­pack High ex­am­ple, to of street give the on or the as tem­po­rary they are struc­tures. classed as

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

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