NatWest has launched a range of green mortgages, offering discounted interest rates to customers purchasing a property with an energy efficiency rating of A or B.
The Green Mortgage supports the bank’s pledge to help customers become more energy efficient with an ambition that 50% of the bank’s mortgage book is at or above EPC C or equivalent rating of C by 2030. The new offering will be available at 60%, 75% and 85% LTV and will apply to residential homes as well as new builds.
Miguel Sard, MD 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. Our customers are increasingly interested in purchasing energy efficient homes and by offering those customers a lower mortgage rate, we want to have a positive impact on the environment. This is just one of many ways NatWest is supporting and encouraging greener choices.”
Andrew Day, Sustainability Director at Telford Homes said:
“It is pleasing to see that NatWest’s corporate climate strategy is rewarding homeowners with a discounted green mortgage. This approach reciprocates well with increasing intergenerational customer demands for sustainable new homes, lower running costs and continuing to help make a positive contribution to the climate emergency.”
