Adam Nanson, Impartial Mortgage Broker at Your Mortgage Expert provides our September Mortgage Market update.

“This month we are looking at Green Mortgages. Despite energy prices being frozen, many of you may be concerned about fuel bills. In fact, latest figures show that searches for Green Mortgages have grown a third recently*. These mortgages are designed to encourage you to make your home more energy efficient. So for our September Mortgage Market update we will be talking about how these type of mortgages work.”

What is a Green Mortgage?

“Broadly speaking, there are two types of Green Mortgage. We can provide Green Mortgage Advice on both of the following types:

• Green Mortgages that reward you for carrying out home improvements that make your home more “green”. The lender will generally offer you a discounted interest rate or cash back if you upgrade your home’s efficiency. This could include things like installing solar panels, putting in more energy efficient windows or changing your heating system to an air source or ground source heat pump.
• Green Mortgages that offer you rewards for having an energy-efficient home. You’ll need to supply the EPC and evidence that the home has an EPC rating of A or B. If you qualify you’ll get cashback or a better interest rate on your mortgage or in some cases remortgage.

Will a Green Mortgage be suitable for me?

“If you are interested in looking at a Green Mortgage, it would be prudent to seek Green Mortgage Advice from an impartial mortgage broker like Your Mortgage Expert.

“Not all the lenders offer Green Mortgages and these types of mortgages are still relatively new. There might be some circumstances where a standard mortgage might offer you a lower rate or a more suitable overall deal.

“We can compare the Green Mortgages from across the market against the other mortgage available to advise on which mortgage is suitable based on your circumstances.”

By speaking to Your Mortgage Expert, you’ll get access to expert advice to help you work out how much you can afford to borrow. We also have extensive knowledge of all the current Government schemes designed to give you a helping hand.

While online mortgage calculators can provide a good guide. We will take the time to fully go through your circumstances. We will let you know what your repayments would be and what type of mortgage is most suitable for your personal circumstances. And, if you need it, we can break down all the jargon so you understand whether to opt for a tracker mortgage, fixed rate mortgage or something more flexible.

Not only do we have access to the current deals on the market, some of which are not available directly. Having access to over 90 lenders will ultimately save you time. As you won’t have to search or contact each individual lender to compare the mortgage terms and rates. We will do all that for you.

For further information on our September Mortgage Market Update or to speak to us about Green Mortgage Advice, please get in touch.

Contact us

https://your-mortgage-expert.co.uk/

01722 322683

[email protected]

A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 2% but a typical fee is 0.6% of the amount borrowed.