The UK’s green mortgage market is showing signs that it is ready to lift off. Encouraged by innovation within the renewable energy industry across all levels, banks and building societies in the UK are launching green mortgage products at an ever increasing rate. Green Mortgage products come in a variety of different forms, but all aim to incentivise homeowners to invest in improving the energy efficiency of their properties. Heat pumps would provide a decisive element in any green mortgage application undertaken in the coming years.
To achieve the transition to an inclusive, net-zero carbon and climate-resilient economy, both public and private finance is needed. The Green Finance Institute was established in 2019 as a direct response to a key policy recommendation made by the industry-led Green Finance Taskforce to the UK Government in March 2018. A central portal for green mortgages is found on the Green Finance Institute website which is updated over time. IMS Heat Pumps is an excellent choice as a partner for a renewable energy project involving heat pumps and underfloor heating especially for a new build or renovation project.