Mortgages: Climate Change

Communities and Local Government written question – answered on 16th April 2007.

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Photo of Michael Gove Michael Gove Shadow Minister (Communities and Local Government) (Housing and Planning)

To ask the Secretary of State for Communities and Local Government how many lenders offer a green mortgage in preparation for the introduction of energy performance estimates; and if she will make a statement.

Photo of Yvette Cooper Yvette Cooper Minister of State (Department of Communities and Local Government) (Housing and Planning)

We are aware of four lending bodies who currently offer 'green mortgage' products, others have said they are interested in developing products. As the Chancellor stated in the Budget, the Government expect the introduction of Energy Performance Certificates and other initiatives to provide the potential for the market for 'green' financial products to develop further.

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