Green mortgages set to take off

The UK mortgage market is set to see an increase in the number of green deals being offered by lenders.

That is according to financial advisor Lansdown Place, which said that there is currently an increased emphasis on eco-homes in the UK.

The firm admitted that the green mortgage sector has not yet had a significant impact but will in the future.

"Eco-homes have yet to make sufficient impact, probably because there are not enough of them to warrant any particular response from lenders generally," said Simon Harris, the firm's spokesman.

"However, specialist and green lenders are bringing products to market in anticipation of more property being built in this area over the coming years.

"In my view this is a potential growth area; the present government has expressed its support for carbon neutral housing and with limited land available for building, planning consent for 'green' properties will be more readily available," he continued.

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