04 Sep '17, 8am

"What are green mortgages & how will they revolutionise home #EnergyEfficiency?"

In this Q&A, Stephen Richardson, WorldGBC’s Technical Lead for Energy Efficiency Mortgages, discusses the principles of green mortgages and why their roll-out will be key to improving building energy efficiency and meeting climate change targets. What is a green mortgage? Under a green mortgage, a bank or mortgage lender offers a house buyer preferential terms if they can demonstrate that the property for which they are borrowing meets certain environmental standards. This could perhaps be a new build home with an existing sustainability rating, or where the borrower will commit to invest in renovating an existing building to improve its environmental performance. In other words, a green mortgage is a mortgage specifically targeted at green buildings. As an incentive for the borrower to either buy a green building or to renovate an existing one to make it greener, the bank...

Full article: http://www.worldgbc.org/news-media/what-are-green-mortgag...

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