Green Mortgage to help homeowners become more energy efficient
AFTER SPENDING MORE TIME AT HOME OVER THE LAST YEAR, MANY OF US ARE LOOKING AT WAYS WE CAN MAKE OUR HOMES MORE ENERGY EFFICIENT AND ENVIRONMENTALLY SUSTAINABLE.
To support customers in their green ambitions, NatWest has launched a range of Green Mortgages. Research undertaken by the bank found that 70 per cent of NatWest customers are concerned about climate change but were unsure about how to reduce their carbon footprint.
The Green Mortgages offer discounted interest rates to customers purchasing a property with an Energy Efficiency Rating of A or B. Every home must have an Energy Performance Certificate (EPC) when it is built, sold or rented – this gives the property an energy efficiency rating from A or 100 (most efficient) to G or 0 (least efficient) and is valid for 10 years.
The Green Mortgages supports the bank’s pledge to help customers become more energy efficient with an ambition that 50% of the bank’s mortgage book is at or above EPC C or equivalent rating of C by 2030. The new offering will be available at 60%, 75% and 85% LTV and will apply to residential homes as well as new builds.
Janat Hulston, Managing Director of Retail Banking for the Midlands and East of England at NatWest, said: “Our customers are increasingly interested in purchasing energy efficient homes and by offering those customers a lower mortgage rate, we want to have a positive impact on the environment. We want to help home buyers to make greener choices, particularly as properties make up 15% of the UK total climate emissions and one of the core parts of our purpose as a bank is to help address the climate challenge.”
To assess the Energy Efficiency Rating of your home please find links below:
• England and Wales: https://find-energycertificate.digital.communities.gov.uk/
• Scotland: https://www.scottishepcregister.org.uk/ CustomerFacingPortal/ TermsAndConditions
For more information in ways to making greener choices you can access the NatWest Go Green hub here.