Green Mortgages: Assessing the Feasibility of Success in the UK

STANDARD DESCRIPTION:

Introduction

While green mortgages have been available from specialist providers for over ten years, a renewed emphasis on the environment by the government, coupled with increasing uncertainty over the global climate, has prompted many institutions to review the opportunity for environmentally sound financial products.

Scope

*Assesses the market opportunity for green mortgage products in the UK

*Compares the different types of green mortgages

*Provides a detailed analysis of green mortgage products available in the UK market

Highlights

In the UK, demand for 'green' financial products has grown significantly. Recent Investment Management Association (IMA) data shows ethical funds under management in the fourth quarter of 2007 reached £5.9 billion, an increase of 18% over the same period in 2006.

There are but a handful of lenders that offer a green mortgage product. Out of a total of 120 active lenders, only five offer a true green mortgage: a staggeringly small 4% of the market.

Most green mortgage lenders are small building societies. However, in 2007 both Abbey and HBOS stated that they were in the process of launching a green mortgage in 2008, following Gordon Brown's budget speech on lenders' offering home buyers incentives to go green. As of yet, neither institution has launched the green mortgage.

Reasons to Purchase

*Understand the potential for green mortgage products and adapt your product strategies accordingly

*Compare your green mortgage offering with that of your competitors

*Learn about the factors hindering the growth of the green mortgage market and what can be done to overcome these

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