The Green Finance Institute has launched a Green Mortgage Hub, an online resource collating publicly-available information on UK green mortgages into an interactive table, alongside a library of articles, report, tools and pilots related to the green mortgage market.
The hub aims to inform and encourage lenders considering the green mortgage market, as well as being a trusted source of information for mortgage intermediaries, policymakers and NGOs focused on decarbonising the built environment.
Emma Harvey, programme director at The Green Finance Institute, said: “The finance sector is starting to embrace the opportunities that green products offer to support their customers in the decarbonisation of their homes, and providing information, tools and case studies can help to encourage innovation.
“The Green Mortgage Hub will provide a snapshot of UK green home financing, acting as a resource for lenders to continue developing innovative green home finance solutions.”
The UK’s green mortgage market is currently divided between products that offer preferential mortgage rates for customers building or buying homes that are highly energy efficient, and those that offer attractive borrowing, in addition to an existing loan, for homeowners to improve the energy efficiency of their property. A third type offers free tools that help customers understand the possible home improvements available to their property.
The UK Climate Change Committee has estimated that £250bn needs to be invested in UK home upgrades by 2050.
