The cost of living has never been such a hot topic with everyone coming up with smart ways to save money.
And there is a one hack that will not only ease the strain on your purse, but also help the planet and get you moved into that new home you have always dreamed of.
New homes are far more energy efficient to heat than older houses, with owners saving hundreds of pounds a year on their bills. Mortgage lenders now offer special green mortgages which take those savings into account when assessing how much a homeowner can afford to borrow. Providing your new house has an Energy Performance Certificate (EPC) of B or above, like all Kellen Homes, you can qualify for a green mortgage.
Those green mortgages can see homeowners able to borrow up to £7,000 more than with a conventional mortgage and potentially secure better interest rates and cash back offers.
It’s even more important news following the interest rate increase in August 2022 which saw the new bank rate rise to 1.75% and the recent squeeze on all our personal finances with rises in heating bills and inflation.
Kellen Homes Head of Sales and Marketing, Mollie Tomlinson, said: “All Kellen homes enjoy an energy efficiency rating of at least B or above and that qualifies our homebuyers to apply for green mortgages and saves them hundreds of pounds a year off their heating bills.
“We are seeing increasing numbers of buyers use this smart way to access a specialist mortgage product which can allow them to borrow more and get favourable interest rates and cash back deals.”
And once moved in, Kellen homeowners find each carefully designed home features quality materials and energy-efficient appliances to reduce its environmental impact and save even more money. The homes come with energy-efficient LED lighting, two-zone smart programmable gas central heating system with thermostatic radiator valves, stylish grey UPVC flush sash windows, French doors with double-glazed units, and a 7.4 kW electric vehicle charger.
Mollie added: “It really is a win-win. Our buyers can get a better mortgage product saving them money and helping the environment, and then as well as living in a stylish new home, they get to continue to save money on bills with our well designed, energy efficient homes.”
To find out more about green mortgages, ask your mortgage adviser.
