Thursday 19 November 2020

NatWest launches ‘green mortgages’ for energy efficient properties

NatWest has launched green mortgages to help customers become more energy efficient.

The offering will provide a discounted interest rate to customers who purchase an energy efficient property with a rating of A or B.

The green mortgage scheme, which will apply to residential homes and new builds, aims to support the bank’s ambition to have half of its mortgage book at or above Energy Performance Certificate C or equivalent rating of C by 2030.

Miguel Sard, Managing Director of Home Buying and Ownership at NatWest Group said: “We want to help home buyers to make greener choices, particularly as properties make up 15% of the UK total climate emissions and one of the core parts of our purpose as a bank is to help address the climate challenge."

Findings of a recent survey undertaken by the bank showed 70% of NatWest customers are concerned about climate change but are unsure about how to reduce their carbon footprint.