Plan For Green Mortgages Unveiled

Updating our homes to make them more energy efficient is something that many of us aspire too, but given the high cost of installing many of the measures that improve things it can be difficult to manage it.

However, E.ON and BNP Paribas have announced that they will be working together to offer green mortgages to homeowners in the UK.

The finance will be available to first-time buyers, home movers and those who remortgage, allowing people in homes of all sizes and types to improve their energy efficiency.

E.ON will provide a managed service to install various energy efficiency measures, while BNP Paribas will provide the loan itself.

Chief executive of E.ON UK Michael Lewis commented: “Green mortgages have the potential to be a game changer in the delivery of affordable finance and we are ready to meet the challenge for homeowners motivated to take the step into energy efficient living.”

For homeowners, this could offer an opportunity to invest in biomass boiler heating, or another renewable energy initiative.

A blog for the Energy Saving Trust recently suggested some of the things we can do to improve the energy efficiency of our homes and thereby help to fight climate change.

Near the top of the list is to insulate your property’s walls and loft if you haven’t already, as well as to check the quality of your double glazing and upgrade it if it’s not up to scratch.

Upgrading your heating system is another thing to consider. According to the organisation, any boiler that was installed before 2005 will “almost certainly be inefficient by today’s standards”.