Green Mortgages: Assessing the
Feasibility of Success in the UK
Category: Financial Services
Library Code: BFFS0543
Publication Date: 30-Jun-08
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.
*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
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
*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
Click here to view THE TABLE OF CONTENTS
This product was added to our catalog on Monday 15 September, 2008.