Mortgage designed to encourage energy-saving

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The Ecology Building Society has launched a discount scheme which rewards energy efficiency and carbon saving measures. C-Change Retrofit offers 0.25% off its standard variable rate for each grade improvement made in either the energy efficiency or environmental impact rating once works are completed – on the whole mortgage, for the full duration of the loan.

This is a departure for EBS. They say:
“for the first time, we’re extending our mortgage range specifically to support people who own ordinary properties. With our homes using three times as much energy as our cars – contributing over 27% of our [carbon dioxide] emissions in the process – we feel it’s essential to help everyone make their home as Eco-friendly as possible. We hope that adding a cheaper mortgage to the prospect of lower energy bills and better air quality will provide a tangible incentive for people to live more sustainably.”

The EBS autumn newsletter also includes some helpful links to other organisations with an interest in retrofit.

http://www.superhomes.org.uk/

http://www.carbonlite.org.uk/carbonlite/

http://retrofitdiaries.org/

http://www.greatbritishrefurb.co.uk/ (Kevin McCloud of Grand Designs is an advocate)

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