YesCanDo Money Notes A Dramatic Rise In Green Mortgage Applications In The UK

The leading UK mortgage broker reveals that clients are increasingly interested in borrowing options that enable them to live in more sustainable homes.

United Kingdom - September 4, 2023 —

YesCanDo Money, a leading UK mortgage broker, says it has seen a considerable rise in the number of aspiring British homeowners seeking green mortgages. The move comes amid rising interest rates and a higher cost of living.

YesCanDo Money’s founder and director, Steve Roberts, said the change represented a profound shift in the market. “We’re seeing a large number of people looking for green mortgages, providing them with options to protect the environment and give back to their communities. These financial products encourage homeowners to make energy-efficient upgrades to their properties or buy new homes that meet government sustainability criteria.”

Homeowners and buyers are switching to green mortgages for financial reasons. Owners of homes with lower energy ratings may qualify for lower interest rates, reducing the cost of borrowing to install energy-saving fixtures, fittings, and appliances, such as insulated doors and windows, renewable energy technologies, and heat pumps. Lender partnerships are coming together to find ways to promote eco-friendly behaviours among homeowners and buyers to meet Net Zero targets. 

For YesCanDo Money, this shift in priorities is significant. “We’ve been amazed at the changes occurring in the mortgage market and the degree to which financial incentives are changing behaviour,” says Roberts. “Going green is now something that pays, thanks to government and industry action, encouraging more people to live in energy-efficient housing. It is no longer something beyond the reach of ordinary families.”

Homes only qualify for green mortgages if they meet specific energy performance thresholds or environmental certifications. As such, not everyone can apply. Homeowners must also demonstrate the discounted loans will go towards sustainable projects, such as fitting solar panels. 

YesCanDo Money says that most buyers and homeowners can find out whether they are eligible for a green mortgage for free. The company provides independent mortgage advice and access to the entire market without charging a fee in 90pc of cases. 

“Our goal is to allow our customers to find their dream home while we take care of all the research and paperwork,” Roberts says. “We provide tailored mortgage solutions, including access to green mortgages to lower the cost of living sustainably.”

The process of obtaining a green mortgage is straightforward. Homeowners or buyers contact YesCanDo Money for free home loan advice. After a phone consultation, brokers perform a comprehensive market comparison to find the best rates. Teams then provide a “decision in principle,” leaving it up to customers if they proceed with the borrowing. 

For more information on YesCanDo Money’s green mortgage deals, please use the following contact details: 

Contact Info:
Name: Steve Roberts
Email: Send Email
Organization: YesCanDo Money
Address: YesCanDo Money, Langstone Gate, Solent Road, Havant, Hampshire, PO9 1TR
Phone: 03300884407
Website: http://yescandomoney.com

Release ID: 89106587

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