Business Green

JULY 17, 2022

Ecology Building Society announced last week it has expanded its range of mortgage discounts offered to encourage borrowers to build homes in line with higher energy efficiency standards. It also announced it was increasing the mortgage rate for the initial, construction phase of self-build homes from 4.65 per cent to 4.99

Construction 61

Construction Sustainability Climate change Energy 61

Business Green

NOVEMBER 14, 2022

Barclays launches new pilot project to help mortgage customers fund energy efficiency-related home improvements. Barclays has become the latest bank to launch a new green mortgage pilot scheme, today revealing plans to offer a reward of up to £2,000 to customers that undertake selected home energy efficiency improvements.

Energy 73

Energy Energy Investment Technology 73

Business Green

FEBRUARY 27, 2023

It also offers insights on a range of domestic clean technology innovations, such as low carbon heating systems, solar panels, energy storage units, and climate resilience measures, all of which can play a role in mortgage applications as growing numbers of lenders look to offer competitive green mortgages.

Education 41

Education Government Resilience Energy 41

Business Green

JUNE 23, 2021

TSB has this week launched a new Green Additional Borrowing mortgage product service, in a move designed to encourage a wider shift towards lower carbon and more energy efficient homes by offering more competitive rates for mortgage holders who undertake green home improvements.

Carbon 50

Carbon Climate change Innovation Energy 50

Mosaic

SEPTEMBER 15, 2021

These loan types typically offer attractive interest rates, because they are secured by the equity in the house itself. The process of applying for and obtaining a home equity loan or HELOC is comparable to obtaining a first mortgage on your home. In fact, HELOCs and home equity loans are often referred to as “second mortgages.”

HVAC 86

HVAC Demand Investment 86

Business Green

JUNE 24, 2021

Ethical building society releases report looking at environment impact of all its residential mortgage lending. Banks are being urged to deliver greater transparency around the emissions impact of their lending activity, after Ecology Building Society published the industry's first carbon footprint for mortgages.

Carbon 55

Carbon Ethics Climate change Fossil fuels 55

Business Green

NOVEMBER 19, 2020

Mortgage lenders could face targets to achieve an EPC rating of C across their portfolio properties by 2030 under consultation proposals. We will invite views on whether we should take primary powers to introduce a mandatory target to build on action taken by lenders during a voluntary phase," the government said.

Government 83

Government Energy Energy Europe 83

Business Green

JUNE 25, 2021

Securitisation of homes with top energy ratings could create 'virtuous cycle of green lending' and compensate for weak energy policy framework, new study claims. In turn, this incentivises property owners to reduce emissions, creating a virtuous circle that accelerates the transition to a greener world.".

Government 50

Government Policy Investment Climate change 50

Business Green

FEBRUARY 3, 2023

The banking sector is exploring a range of new green mortgage and loan services that are designed to help more households undertake energy efficiency upgrades. More than one in five prospective homebuyers said an EPC rating of C or above was an "essential" feature, according to the Tracker.

Climate change 36

Climate change Policy Energy Energy 36

Business Green

MAY 5, 2022

At the current rate of installations, ECO could sort out Britain's draughty homes, but it would take around 50 years. Others have called for 'green mortgages' to make energy efficient homes more attractive or to solve the finance problem. The need for a successful energy efficiency policy is real.

Policy 69

Policy Energy Energy Government 69

Business Green

FEBRUARY 24, 2021

Rates of green upgrades need to double if homes are to reach average energy efficiency EPC band C by 2030, Kamma estimates. But in order to achieve the UK's 2050 net zero emissions goal, serious inefficiencies in the UK housing stock will need to have been largely eliminated over the next decade, according to Kamma.

Investment 86

Investment Real Estate Government Energy 86

Business Green

FEBRUARY 21, 2022

Specifically, NatWest said it had lent £728m in green mortgages to retail customers to date, helping to increase the energy efficiency rating of the retail mortgages in its loan book from 36 per cent at EPC rating A-C equivalent in 2020, up to to 38 per cent in 2021.

Fossil fuels 84

Fossil fuels Retail Carbon Policy 84

Business Green

FEBRUARY 17, 2023

The bank views the decarbonisation of homes and buildings as key to its own climate plans, having last week promised to provide £10bn in lending for mortgages to UK homes rated A and B for energy efficiency between January 2023 and the end of 2025.

Policy 66

Policy Government Carbon Agriculture 66

Business Green

MAY 16, 2022

Estate agents now automatically have to provide the rating details in every advertisement. Such actions were stimulated by initiatives taken under Theresa May's government, outlawing the letting of F and G rated properties. Solicitors now require details to be available before conveyancing processes can progress. kWh per day).

Home Energy Monitoring 36

Home Energy Monitoring Energy Monitor Building Energy Monitoring Business Energy Monitoring 36

Business Green

FEBRUARY 8, 2023

Meanwhile, the bank said it would funnel significantly more financing into the green economy, particularly towards decarbonising UK homes, including through a fresh pledge to provide at least £10bn in lending by 2025 to help homes achieve A and B ratings for energy efficiency.

Climate change 101

Climate change Investment Energy Energy 101

GreenTechMedia

DECEMBER 11, 2019

Once thought of as unviable, these “risk-based” loan products are slowly gaining traction, although it will be necessary for providers to monitor default rates into order to assess performance. Competitive landscape.

Home Energy Monitoring 130

Home Energy Monitoring Solar Energy Monitor Building Energy Monitoring Business Energy Monitoring 130

Business Green

OCTOBER 16, 2020

The bond is sterling-denominated and BBB-rated, maturing on 15 April 2031 with a reset date set for 15 April 2026. It will pay an annual interest rate of seven per cent up to the reset date, payable semi-annually in arrears.

Investment 50

Investment Transportation Carbon Innovation 50

Business Green

AUGUST 17, 2021

million properties on Nationwide's mortgage books, all which need decarbonising if it is to meet its 2050 net zero goal. million properties on its mortgage books, Nationwide Building Society's ability to reach net zero by 2050 depends on the growth of the UK's green home retrofit market. With more than 1.5

Government 47

Government Policy Construction Fossil fuels 47

DeSmogBlog

APRIL 19, 2022

But all is not equal when it comes to who exactly lives near oil wells — and intentional racial discrimination in federal mortgage policies, reflected in a practice known as “ redlining ,” may have played a role, according to a new study published in the Journal of Exposure Science & Environmental Epidemiology.

Health 85

Health Fossil fuels Government Methane 85

Business Green

MAY 21, 2020

The Commission revealed it intends to establish a €91bn European Renovation Financing Facility in order to boost the current rate of building renovations up from the current meagre rate of one per cent a year.

Hydrogen 96

Hydrogen Transportation Europe Investment 96

Envirotec Magazine

OCTOBER 19, 2021

The rate of growth of investment in building efficiency needs to double to over 3 per cent per year, and must expand beyond direct government investment to private investors. Scope and coverage of building energy codes need to increase.

Construction 130

Construction Resilience Cooling Climate change 130

Business Green

FEBRUARY 2, 2023

The rating system, which ranks buildings from A (very good) to G (very poor) based on their energy efficiency, is a legal requirement on property listings that is designed to incentivise investments in insulation, additional glazing, and other measures that can help make buildings more pleasant to live in, cheaper to run, and easier to market.

Home Energy Monitoring 31

Home Energy Monitoring Building Energy Monitoring Business Energy Monitoring Energy Monitor 31

Business Green

JUNE 8, 2023

The latest gambit from the government came in the form of a story in the Daily Mail suggesting that Labour's plans to borrow to invest in green infrastructure would increase mortgage payments by £1,000 a year. Labour will force your family's costs up by £1,000 just to keep these anarchist eco-activists on side," he added.

Fossil fuels 44

Fossil fuels Politics Government Policy 44

DeSmogBlog

JANUARY 26, 2024

Last October, its CEO called on governments in Europe and Australia to offer greater policy support for greening grids as it seeks to reduce the residential sector emissions from its mortgages. credit rating agency Fitch Ratings also commented on the increasing climate litigation risk facing European banks.

Fossil fuels 113

Fossil fuels Pollution Climate change Carbon-neutral 113

Business Green

JULY 20, 2022

And to incentivise the purchase of lower carbon homes, WWF and ScottishPower have also called on the government to consider introducing an energy saving Stamp Duty incentive and urged financial institutions to launch innovative green mortgage products that offer a lower rate of interest for households with reduced energy bills.

Technology 98

Technology Carbon Fossil fuels Electric vehicle 98

Business Green

NOVEMBER 11, 2021

Just ahead of COP26, the UK government launched its repeatedly delayed Heat and Building Strategy, which set out wide-ranging plans for a new grant scheme to drive demand for heat pump technologies, as well as proposals to strengthen energy efficiency standards for buildings, catalyse the market for green mortgages, and refrofit public buildings.

Building Energy Monitoring 101

Building Energy Monitoring Carbon Real Estate Business Energy Monitoring 101

Business Green

JULY 5, 2022

The green mortgage market may be making some progress, but it remains largely nascent. In such scenarios, finance typically has a critical role to play in helping people overcome the initial financial barrier and unlock the long term savings.

Government 36

Government Electric vehicle Technology Policy 36

Business Green

FEBRUARY 12, 2021

In better news for the sector, the Ecology Building Society this week announced plans to expand its range of green mortgages for renovations and whole house retrofits. The firm has introduced a new variable rate renovation mortgage, which starts with an initial rate of 3.65 per cent.

Government 83

Government Demand Energy Energy 83

Mosaic

FEBRUARY 7, 2019

While the survey doesn’t delve into the reasons why, it’s not hard to guess at least one – as we discussed on our blog comparing Mosaic loans to home equity financing , younger homeowners have typically paid off less of their mortgage and thus have less access to the traditional home equity financing stream. Partnering With Mosaic.

HVAC 49

HVAC Retail Sustainability Energy 49

Business Green

NOVEMBER 24, 2020

Ratings agencies Moody's and S&P Global, Google's parent company Alphabet, railroad operators Union Pacific Railroad, Canadian Pacific, Canadian National, and telecoms company Charter Communications have been targeted in the investor's new push.

Fossil fuels 63

Fossil fuels Politics Government Investment 63

Mosaic

DECEMBER 30, 2022

The fall months which brought some of the most aggressive economic policy actions in decades, including the highest level of mortgage rates since the Great Recession. The resurgence of covid in the winter, followed by the lifted restrictions and an extremely busy spring and summer season.

Policy 10

Policy Energy Energy 10

Business Green

OCTOBER 17, 2022

Hunt confirmed the government would scrap its plan to reduce the basic rate of income tax from 20 to 19 per cent, scrap plans to cut dividend tax rates, reverse of off-payroll reforms, introduce a new VAT-free shopping scheme for non-UK visitors, and a freeze on alcohol duty rates.

Energy 41

Energy Energy Government Policy 41

Business Green

AUGUST 17, 2021

Spearheaded by leading UK mortgage provider Nationwide Building Society, the companies argue a centralised strategy is needed to help overcome barriers preventing homeowners from taking steps to reduce the climate and environmental impacts of their properties.

Home Energy Monitoring 80

Home Energy Monitoring Building Energy Monitoring Business Energy Monitoring Demand 80

Business Green

FEBRUARY 14, 2020

Energy efficiency in particular is a key area of focus in the bank's new climate strategy, with RBS setting an ambition for 50 per cent of its mortgage book to have a Energy Performance Certificate (EPC) rating of at least C by 2030.

Energy Monitor 100

Energy Monitor Building Energy Monitoring Business Energy Monitoring Climate change 100

Business Green

NOVEMBER 8, 2021

Over the weekend, The Times reported that expected changes to energy efficiency rules, requiring privately rented homes to have a minimum energy efficiency rating of Band C, up from Band E, could be backed up by fines of up to £15,000 for non-compliance.

Government 41

Government Policy Energy Energy 41

Business Green

SEPTEMBER 20, 2022

The EEIG said there are almost 19 million homes in the UK with poor levels of energy efficiency and Energy Performance Certificate ratings of Band D or below. As the EEIG points out in its letter to Kwarteng, it would would only have to contribute an average of £300 to households with an EPC rating of C or above.

Energy 69

Energy Energy Government Investment 69

Mosaic

APRIL 14, 2021

Customers are referred by approved solar installers and home improvement contractors and can qualify instantly for no money down loans with fixed interest rates and multiple term options. Financing applied for and processed through the Mosaic platform is originated by Solar Mosaic, Inc. or one of its lending/financing partners.

Real Estate 52

Real Estate Batteries Sustainability Climate change 52