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Green Mortgages

Our high-quality homes are eligible for a green mortgage, where you can access reduced mortgage rates for choosing an energy efficient home.

What is a green mortgage?

Green mortgages are being offered by a growing number of banks and building societies in the UK to reward customers who buy an energy efficient home.

If you choose an energy efficient property, such as a new Story home, a green mortgage could offer you a reduced rate, a standard rate with cashback or a higher loan which could enable you to purchase your dream home.

Who can get a green mortgage?

Green mortgages are available for both first-time buyers and home movers with eligibility criteria varying from lender to lender. The Energy Performance Certificate (EPC) of the home you are purchasing typically needs to have an energy efficiency rating of A or B.

Heaton Green street scene of Story homes

How does a green mortgage work?

The process is the same for green mortgages as it is for traditional mortgages. Homeowners will lend a sum of money against their property and interest rates will be applied to the mortgage with monthly repayments then made until the mortgage is complete.

Why are lenders offering green mortgages?

An energy efficient home is more likely to retain its value and because energy costs may be lower, lenders are more confident that you will be in a better financial position to repay your loan. This can apply to new build homes as well as homes with improvements that have impacted on their energy efficiency or decreased their carbon footprint.

How do I apply for a green mortgage?

There are a number of major lenders offering green mortgages in the UK. Details do vary from lender to lender so it’s worth shopping around or speaking to an independent financial advisor for more information.

Customers in a Story home garden

Your home or property may be repossessed if you do not keep up repayments on your mortgage. All mortgages are subject to status and lender criteria. Green Mortgages are available to over 18s purchasing or remortgaging a home with a valid Energy Performance Certificate (EPC) rating of A or B. Terms and conditions apply.