Research from Leeds Building Society, which surveyed 69 brokers on its broker panel, found that four in five advisers had seen an increase in enquiries around green mortgages in the past three months, compared to the prior 12 months.
Around 57 per cent said they had seen a significant increase in green mortgage enquiries in the past three months compared to the year before.
Nearly all those surveyed, 93 per cent, expected demand for green mortgages to increase, with half predicting demand to grow significantly.
The research also found that 43 per cent of brokers said clients would be more likely to choose a green mortgage over a lower cost standard mortgage.
Matt Bartle (pictured), director of products at Leeds Building Society. Said: “All the publicity around COP26 clearly has made more consumers think about climate change and what they can do as individuals to reduce their environmental impact.
“Our research with intermediaries supports our view this is an issue the public is engaged with and a market which brokers can expect to continue to grow.”
He added: “What we’re starting to see is a groundswell of opinion from more people who are recognising that change needs to happen and seeking products to help them reach their goals.”
According to the Green Finance Institute, there are around 20 lenders offering green mortgage products in the UK currently with 31 products between them.
However, one in six of the brokers surveyed said that more needed to done to increase awareness of green mortgages and energy efficient living.
Leeds Building Society brought out some green mortgage deals earlier this year that rewards those who live in more energy-efficient properties.
It launched a 95 per cent loan to value (LTV) carbon offset fixed rate deal in November. According to the lender it has received enough applications for this product to offset 3,500 tonnes of carbon.
