BuildLoan’s Range of Green Mortgages
BuildLoan’s Range of Green Mortgages Support the Future Homes Standard 2025
With energy prices forming a significant part of household budgets and the government’s Future Homes Standard set to take effect in 2025, reducing energy consumption has become more critical than ever for both environmental protection and cost savings. For clients embarking on self-builds, barn conversions, or home improvement projects, finding the right mortgage solution is now more essential than ever.
At BuildLoan, we understand energy efficiency in homes has become a top priority for many individuals, driven by a combination of environmental, economic, and social factors. For reducing carbon footprints to lowering utility bills, homeowners are increasingly motivated to make energy-conscious choices.
Here are the key reasons behind this trend:
One of the most immediate and tangible reasons for improving energy efficiency is the rising cost of energy. According to the International Energy Agency (IEA), global energy prices increased by nearly 50% in 2022 compared to pre-pandemic levels. In the UK alone, the energy price cap rose by over 80% in October 2022, leaving many households struggling with significantly higher bills.
Energy-efficient upgrades, such as improved insulation, double glazing, and renewable energy technologies like solar panels, can dramatically reduce household energy consumption. For instance, the Energy Saving Trust estimates that insulating a typical UK home can save up to £355 annually on energy bills.
Self and custom builders are often environmentally aware, recognising that by adopting these approaches, they not only reduce their home’s environmental impact during construction but also minimise its carbon footprint throughout its lifetime.
What does this mean for mortgage brokers?
Our product range includes deals which offer higher borrowing for energy efficient homes with lower running costs. If your client wants to build a new home or improve an existing property with sustainability and cost savings in mind, the good news is that BuildLoan products are suitable. Many green technologies such as heat pumps, mechanical ventilation with heat recovery (MVHR) systems, solar panels, and solar thermal systems are now widely accepted by lenders and typically do not present any barriers to securing a mortgage.
BuildLoan’s lenders support for sustainable construction
All BuildLoan’s lenders support environmentally friendly homes built with modern superstructures. When your clients opt for non-traditional exteriors, it’s crucial to provide detailed specifications and certifications to demonstrate the durability and reliability of the chosen materials. This can help ensure a smoother mortgage approval process. The broker desk team can quickly help you find the right solutions whatever the client projects.
How BuildLoan Supports Innovation
At BuildLoan, we maintain strong relationships with lenders and consistently advocate for the acceptance of innovative construction methods and materials.
With BuildLoan’s expertise, self-builders can confidently pursue their vision of creating energy-efficient, sustainable homes, knowing that tailored mortgage solutions are available to bring their projects to life.
Your ideal partner for green mortgages
BuildLoan is the ideal partner for you when looking to expand your expertise in selfbuild, renovation, and construction finance. With specialist products, expert support, and the UNICUS research platform, you can confidently meet your clients needs while fulfilling your Consumer Duty obligations.
Take your service and knowledge to the next level by partnering with BuildLoan!
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