Green Mortgages - Environmental Financing for Ecologicaly Friendly Homes
Green Mortgages
In the US, if you purchase a new home or a home renovated to energy efficient standards then you could get a green mortgage to fund your purchase. Green mortgage providers are keen to attract "green" customers. Providers will calculate the monetary savings an energy efficient home will generate. These savings are then added to the purchaser's monthly income enabling the purchaser to get a larger mortgage. You can expect to make energy savings on a green home of between 30% and 50%
Not only does the homeowner save money but the green home is more comfortable, costs less to maintain and is kinder to the environment.
There are lenders in the UK who support "green issues" so you know they are supporting the environment. Some lenders offer green mortgages that include the monitoring of your household energy usage and household emissions. With usage information you can save money on your energy bills.
Although the UK green mortgage rates may be a little higher than those of regular lenders, you will get environmentally friendly benefits. For example a free energy efficiency survey on second hand homes and we even found a lender who will plant 40 trees over 5 years for every green mortgage sold. The idea behind this scheme is that the trees will offset the carbon dioxide produced by your home, making your house "carbon neutral".Thinking of a mortgage? Try our Mortgage Calculator
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