The Melton champions Green Finance Strategy
The Melton Building Society has issued a statement championing the role building societies have to play in "reducing our environmental impact for many years by creating mortgage and savings products that recognise eco friendly behaviour".
"The challenge for lenders is to encourage customers to seek out eco friendly mortgages by increasing awareness and understanding about the benefits of eco mortgages."
The Melton’s Eco Self Build mortgage offers a 0.50% saving against the Society’s standard self build mortgage rates to encourage investment in energy efficient features such as electricity and heat generation, improved insulation in renovations and conversions and an overall EPC Rating of A or B. The Eco Mortgage is available for self build projects, custom build, renovations and conversions up to 75% LTV.
Dan Atkinson, head of sales and marketing at the Melton, said: “We welcome the publication of the Green Finance Strategy and the challenge for lenders is to encourage customers to seek out eco friendly mortgages by increasing awareness and understanding about the benefits of eco mortgages. Lenders also need to be able to price these products in a way that differentiates them in such a competitive market.
“At the Melton we also believe it’s important to establish an “eco mindset” from an early age by encouraging children to enjoy the natural world and get into the habit of saving, so forging a relationship with our local Wildlife Trusts was a natural connection for the Society. The Society has initiated a number of activities to support the partnership, including providing special Wild Ones rewards packs for children who open a Young Savers Account."
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