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Green mortgages ‘not affected by the credit crunch’

January 18, 2008 by admin  
Filed under News, News-Mortgages

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Green mortgages have not been affected by the , due to the “type of person” who takes one out claims one lender.

Norwich and Peterborough Building Society said that, despite concern over interest rates, there has been no change in the numbers of people taking out green mortgages.

“The reason they’re interested in a green mortgage is because of their personal ethics, so we’ve seen no difference at all,” said Alison Rolls, a spokesperson for the business.

She adds that green mortgages are still very much a “niche product” with growth being much slower than would be good for the environment.

Overall more consumers still need to “put the environment more on their shopping list” and think less about interest rates.

According to Mortgages.co.uk, green mortgages aim to reduce negative impact on our environment.

Lenders that offer this package will often make contributions to charities that support the environment or the welfare of the less fortunate.

Tags: Financial crisis of 2007–2009, credit crunch, support, Alison Rolls, Super jumbo mortgage, Peterborough Building Society, economics

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