Source: FT Adviser —
The mortgage industry has a role to play in combatting climate change and reducing people’s energy bills, yet the vast majority of borrowers do not understand green mortgage products, research suggests.
A survey from the Mortgage Advice Bureau found a distinct lack of knowledge about green mortgages, with two-thirds (63 per cent) of the 458 mortgage advisers polled saying their clients have never heard of the term ‘green mortgage’.
Four out of five (83 per cent) of the advisers polled in September said their clients had no understanding of green mortgages while 14 per cent said they partially understood them.
Yet, the property industry’s role in tackling climate risks is growing, as the green agenda intensifies and the government has committed to a goal of being Net Zero by 2050.
About a fifth of emissions come from buildings as nearly two thirds of owner-occupied homes have an EPC rating of below C.
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The photo of the living room is one of the most inhospitable rooms I have viewed in a long time. I surely wouldn’t want to try to relax in that atmosphere. The lamp should be in the dark corner. The tree in the dark corner should be moved into daylight.
Texas Licensed Real Estate Broker – 43 years
Texas Certified Master Gardener – 22 years