Green Mortgages

There are many advantages to buying an Avant new build home, with energy efficiency being one of them. As well as saving money on your monthly energy bills, you could benefit from a lower interest mortgage rate, or even cashback, thanks to green mortgages.

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What is a green mortgage?

Green mortgages are a special type of mortgage offered by some banks and building societies to homeowners buying an energy efficient, environment friendly home.

Some lenders, such as NatWest, Halifax, Barclays, Virgin Money or Nationwide will reward you with a lower interest rate, cashback, or larger loans if your home is energy efficient.

Each lender will have its own criteria for a green mortgage, but an EPC rating of A or B on the house you are buying tends to be the main condition they are looking for.

What do I need to qualify for a green mortgage?

If you choose one of Avant’s energy efficient homes, you’re likely to qualify for one of the many green mortgages being offered on the market!

This is because all our new build homes have an EPC rating of A or B and are packed with energy efficient features, meaning lenders will be more inclined to offer you the chance of a lower interest rate on their loan.

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What are the benefits of green mortgages?

Not only does a greener home benefit the planet, but it will also mean less money coming out of your bank account!

Depending on the lender you choose, you could receive a green mortgage with a discounted two-year or five-year fixed rate, meaning more affordable mortgage repayments and lower energy bills at the end of each month.

What are typical green mortgage rates?

As is always the case with mortgages, deals and details do vary from lender to lender.

Some also offer better green mortgage rates by applying online, meaning we recommend shopping around for a bit to find the package that suits you best.

You can also get in touch with your Sales Advisor, who will be able to put you in touch with a new build mortgage specialist for any further information you might require

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