Norwich and Peterborough Building Society (N&P) is hoping to encourage people looking for finance to have an energy-efficient home built for them.
The self-build specialist is encouraging the building of energy-efficient homes that employ materials such as straw bales, the latest Scandinavian timber frame, or beco wallform which consists of large polystyrene blocks that interlock like Lego and are filled with concrete.
N&P said the market for people having homes built to their own specification is estimated at around 20,000 a year and growing.
Stephen Penlington, general manager at N&P, said: ‘We are backing the Government’s domestic target to reduce carbon dioxide emissions by 20% to under the 1990 level by the year 2010. Self builders can choose to include higher standards of energy efficiency, which will save them money in running costs. Even if the latest methods of building are unusual we will help.’
The initiative is in line with N&P’s Carbon Neutral Mortgage, launched in July 2000, in association with environmental group Future Forests. For each home purchased or remortgaged using the Carbon Neutral Mortgage, Future Forests plants 40 trees over a five-year period.
Andy Wild is a reporter for IFAonline