Green home mortgage launch in Yorkshire

The UK's first green home mortgage is to be launched in Yorkshire.

Housebuilder, David Wilson Homes Yorkshire East, is working with Barclays Bank to launch the mortgage, which will be available at its Pembridge Park development in Doncaster.

The mortgages have lower interest rates because qualifying homes are all energy efficient, meaning customers can now save both money and the environment at the same time.

All new David Wilson 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, which 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 find out if their home could qualify and how they may be able to benefit from the new green mortgage.

Paul Newman, managing director at David Wilson Homes Yorkshire East said: “Our new homes are extremely energy efficient which saves customers hundreds of pounds each year through lower fuel bills. Now though, 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 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.”

Pembridge Park offers a collection of two, three and four bedroom homes, in the village of Auckley, Doncaster.

For further information on the Barclays Green Home Mortgage visit www.barclays.co.uk/mortgages/green-home-mortgage

To find out more about Pembridge Park visit www.dwh.co.uk/pembridgepark or call 01302 773299.