Green Mortgages

Green Mortgages are home loans that encourage the purchase, upgrading or construction of energy-efficient and sustainable homes. To qualify for a Green Mortgage, the property must have or as a result of improvements being made an Energy Performance Certificate (EPC) rating of A or B, which indicates that the property has been designed, built, or renovated with energy-efficient features and materials.

These mortgages are designed to promote energy-efficient home improvements, such as the installation of solar panels, high-efficiency heating and cooling systems, and insulation.

The goal of green mortgages is to help homeowners save money on energy bills, reduce their carbon footprint, and increase the value of their home. In addition, these mortgages are seen as a way to encourage the construction / enhancement of more sustainable homes and reduce overall energy consumption.

An EPC is a document that assesses the energy efficiency of a property, and rates it on a scale of A to G, with A being the most efficient and G being the least efficient. Properties with higher EPC ratings are more energy-efficient and have lower energy costs.

A property with an EPC rating of A or B typically means that it has been designed, built, or renovated with energy-efficient features and materials, such as high-quality insulation, efficient heating and cooling systems, and renewable energy sources like solar panels. These features not only make the property more sustainable and environmentally friendly, but they can also result in lower energy bills for the homeowner.

By requiring a minimum EPC rating of A or B, green mortgages incentivise homeowners to invest in energy-efficient properties or make energy-efficient upgrades to their existing homes, which can have long-term benefits for both the homeowner and the environment.

There are several benefits to choosing a Green Mortgage, including:

• Lower interest rates: Our Green Mortgages offer lower interest rates terms to borrowers who purchase, construct energy-efficient homes or make energy-efficient upgrades to their existing homes.
• Lower energy bills: Energy-efficient homes can significantly reduce energy bills, saving homeowners money in the long run.
• Higher property value: Energy-efficient homes tend to have a higher resale value than less efficient homes, which can be a valuable investment for homeowners.
• Environmental benefits: By choosing a Green Mortgage and investing in energy-efficient features, homeowners can reduce their carbon footprint and contribute to a more sustainable future.

To apply for a Green Mortgage, simply contact us online or speak with one of our in-branch mortgage specialists. We'll guide you through the application process and help you determine if a Green Mortgage is the right choice for you.

At Swansea Building Society, we're committed to promoting sustainable homeownership and supporting our customers' efforts to reduce their environmental impact. Contact us today to learn more about our Green Mortgages and how we can help you make a positive difference for your home and the planet.