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Are green mortgages just hot air? Low take up, say brokers

Only six per cent of brokers questioned in a survey have ever sold a green mortgage, despite the high public profile of energy saving products.

That’s the result of a poll conducted by Countrywide Surveying Services amongst brokers operating in both the buy to let and owner occupier sectors.

Matthew Cumber, managing director of CSS, says: “It’s fair to say that a multitude of drivers currently exist for lenders to enter the green mortgage market but this still represents a small piece of the jigsaw and it’s up to us, as an industry, to help a range of potential buyers and homeowners to better understand the energy performance of their homes.


“In addition, we also need to support intermediaries in recognising the opportunities and potential green mortgage benefits on offer for them and their clients now, and in the future.”

Landlord Today has reported on several individual lenders promoting green mortgages, typically with more favourable rates offered to landlords whose properties have good Energy Performance Certificate ratings. 

However, in the Countrywide poll no fewer than 92 per cent of respondents admit not yet having valued a property with an A-rated EPC. 


The findings came from a survey of some 200 brokers and other property professional signed up to a Countrywide seminar.

One additional key finding was the belief amongst brokers that there appeared to be relatively low awareness amongst the wider public of energy efficiency law changes and raised expectations. 

Even so, almost four in 10 of the brokers responding said they expected to have additional green mortgage products to promote to landlords and owner occupiers within the next year.

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