Buying an energy efficient new-build home could mean making savings on your mortgage. Proving that it pays to be green, Barclays Green Home Mortgage offers preferential rates for purchasing energy efficient new-build homes.
So long as the new build home you are looking to purchase comes with an EPC rating of A or B, you may be eligible for lower interest rates. It applies to builds from Barratt Homes, Bellway, Berkeley Group, Bloor Homes, Bovis Homes, Countryside Properties, Crest Nicholson, Fairview, Kier Living, Linden Homes, Miller Homes, Persimmon Homes, Redrow and Taylor Wimpey.
The products on offer are for 2 and 5-year fixed rate mortgages up to 90 percent loan to value (LTV) or Help to Buy mortgages up to 75 percent. With the reduced interest rates, this means mortgage savings of up to £750 on a typical mortgage of £150,000 over a five-year fixed rate term. Not to mention the potential savings from reduced energy bills, which can be up to £585 a year on a typical three-bed property.
With Barclays making headway in the Green finance space and the government’s independent Green Finance taskforce, it seems that preferential rates for houses with efficient EPC ratings may become the way of the future. At the very least, when you consider the possible savings, the financial reasons for choosing homes with well-performing EPC ratings of A or B are starting to become very compelling.
Take a look at the New Homes section on our website today for a list of all our new homes developments. One of our New Homes specialists would be happy to talk you through our current portfolio of properties that would meet Barclays’ Green Home Mortgage requirements. If you are looking for an energy efficient home, when browsing for properties for sale on Chancellors, you will be able to find their EPC rating as part of the property details.
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Correct at time of publication. The views and opinions expressed herein are those of the individual contributor and do not necessarily reflect those of the Chancellors Group of Estate Agents Ltd or its subsidiaries. References to legislation, best practice and other matters with legal implications such as fees, rules and processes are included for information and editorial purposes only and are not authoritative, nor should they be interpreted as advice. When in doubt you should only take advice from an industry professional or solicitor where appropriate. E&OE.