Local housebuilder Barratt Homes Yorkshire West is working with Barclays Bank to launch the UK’s first green home mortgage, which will be available at its St Andrew’s View development in Morley. The mortgages have lower interest rates because the qualifying homes are all energy efficient, meaning customers can now save both money and the environment at the same time.
All new Barratt homes are up to 65% more energy efficient and come with features such as modern double-glazing fitted with argon gas, insulation in the walls that is six times more efficient than that used in the 1960s, and the latest boilers, which keep water hotter for longer.
The mortgages will be available through recommended new homes mortgage advisers and at Barclays Bank branches. Customers are advised to come in and speak to Barratt Homes to find out if their home could qualify and how they may be able to benefit from the new green mortgage.
Ian Ruthven, Managing Director at Barratt Homes Yorkshire West, said: “Our new homes are extremely energy efficient which saves customers hundreds of pounds each year through lower fuel bills. Now customers can save money on their mortgage when they buy a new build home that also helps the environment. It’s another compelling reason to buy a new home that is so much more energy efficient than older ones and gives customers double the benefit.”
Hannah Bernard, Head of Barclays Mortgages, said: “We are increasingly hearing from our mortgage customers that they’re interested in purchasing an energy efficient home. Given Barclays commitment to supporting our customers’ transition to a low-carbon and sustainable lifestyle, we have compelling reasons to launch this pioneering product. We’re looking forward to working with Barratt Homes and then expanding our offer to more customers and through more housebuilders later this year.
“We’re proud to be the first major UK mortgage lender to offer a product that helps home buyers in their decision to purchase a green new build home.”
For further information on the Barclays Green Home Mortgage visit www.barclays.co.uk/mortgages/green-home-mortgage
Barratt Homes currently its St Andrew’s View development in Morley. St Andrew’s View is a development of stylish three and four bedroom homes in the popular market town of Morley, with a handy range of local shops and supermarkets close by. Homes are available to purchase from £239,995. For more information, please visit https://www.barratthomes.co.uk/standrewsview