With the growing green mortgage market showing signs of that it’s about to take off[1], independent housebuilder Dandara has a selection of EPC rated ‘B’ homes currently eligible to be purchased through the mortgage scheme at its Golwg Gwendraeth and Sant Silian developments in Wales.
A green mortgage is a loan that offers reduced interest rates or incentives if the home can be demonstrated to be energy-efficient or has eco-friendly features including solar panels or good insulation. The scheme rewards buyers for choosing greener homes.
By moving into a home with a high Energy Performance Certificate (EPC), prospective buyers can apply for a green mortgage and benefit from preferential rates and cashback schemes[2]. The Homeowners Association highlight two key advantages of purchasing with a green mortgage including the immediate benefits of investing in an energy-efficient home and the assurance of increased resale value through future-proofing[3].
The collection of two, three, and four-bedroom properties at Golwg Gwendraeth in Carway and Sant Silian in Cardiff, provide homes for a wide range of buyers. From first-time buyers, second steppers to larger families, prospective homeowners can take advantage of energy efficient savings with a green mortgage application.
Sara Taylor, Sales Director at Dandara Wales commented: “With rising energy costs and increasing calls for climate consciousness, purchasing an energy efficient home can be a huge investment for buyers. Our homes at Sant Silian and Golwg Gwendraeth offer buyers the opportunity to reap the rewards of an energy efficient home and receive further benefits by purchasing with a green mortgage.”
Diane Gwyther, Director at Cascade Mortgages, added: “For buyers looking to purchase a home, we recommend looking into the range of green mortgage options available. Whilst the savings made on the mortgage price itself might seem smaller than expected, the long-term benefits of purchasing an energy efficient property will undoubtedly make the decision worth it.”
[1] https://www.greenfinanceinstitute.com/wp-content/uploads/2024/06/GREEN-FINANCE-GREEN-MORTGAGES.pdf
[2] https://www.moneysavingexpert.com/mortgages/green-mortgages/
[3] https://hoa.org.uk/advice/guides-for-homeowners/i-am-buying/green-mortgages/#:~:text=Green%20mortgages%20reward%20you%20for%20saving%20energy%20in,if%20your%20home%20meets%20a%20minimum%20energy-efficiency%20level.
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