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Poll shows 94 per cent of brokers are yet to ‘sell’ a green mortgage

  • 01/11/2021
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Poll shows 94 per cent of brokers are yet to ‘sell’ a green mortgage
Countrywide Surveying Services found that 94 per cent of brokers are yet to ‘sell’ a green mortgage product but 39 per cent of advisers say they will have a green mortgage offering in place by the end of 2021.

Almost 200 lenders, brokers and surveyors actively engaged with the online poll during a webinar, which revealed 92 per cent of surveyors said that they are still yet to value a property with an EPC rating of A.

The audience responses to other polls highlighted a drive from people to improve energy efficiency, with 46 per cent personally seeking to carry out improvements in the next three years to make homes more sustainable. CSS also asked the audience how they thought the majority of home improvements will be funded to make existing housing stock more sustainable.

Over half the people surveyed responded by highlighting government funding as being a key source at 53 per cent followed by mortgage or second charge lending finance at 24 per cent.

Matthew Cumber, managing director of CSS, said: “The outcome of these polls present some interesting insights from a broad range of people across the property and mortgage market.

“It’s fair to say that a multitude of drivers currently exist for lenders to enter the green mortgage market but this still represents a small piece of the jigsaw and it’s up to us, as an industry, to help a range of potential buyers and homeowners to better understand the energy performance of their homes.

“In addition, we also need to support intermediaries in recognising the opportunities and potential green mortgage benefits on offer for them and their clients now, and in the future.” 

The event panel included Charlie Blagbrough, mortgage policy manager at the Building Societies Association, Robert Stevens, head of property risk at Nationwide Building Society and Emma Harvey, programme director at the Green Finance Institute who joined Ana Bajri and John Baguley from Countrywide. 

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