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Find out how green your mortgage is

Mortgage brokers Bishops Stortford

Enable’s IFA’s are not sure how often people think about a green mortgage but it is interesting to see that Kensington has become the first UK lender to complete green bond securitisation.

With environmental consciousness on the up Kensington’s transaction is the first labeled green bond from a lender within the UK ABS market. That makes them the third lender in Europe to issue a green bond. Kensington Mortgages has priced its latest securitisation, upsized from £480 million to £750 million.

The green bond aligns with the ICMA Green Bond Principles, contributing towards meeting the United Nations’ Sustainable Development Goals. The Green Bond has been formally accredited and recognised by ISS ESG, a provider of corporate governance and responsible investment solutions.

They say their decision to develop a Green Bond framework follows their 2020 launch of a range of environmentally friendly mortgage products, the eKo Cashback Mortgage which rewards borrowers with £1,000 cashback if they improve the energy efficiency of their home within the first 12 months of ownership. In May 2021, Kensington launched its next green mortgage product to continue supporting its green initiative. This product rewards owner-occupied borrowers for purchasing an ‘A’ or ‘B’ EPC-rated new-build property by doubling the cashback available at purchase compared with a regular cashback product.

 “The majority of the UK housing stock is energy inefficient and responsible for one-fifth (21%) of all UK carbon emissions. Improving the efficiency of our existing housing stock is one of the best ways to help the UK transition to a low-carbon economy.” Says Alex Maddox

If you are interested in looking for a greener mortgage offer that shows some commitment to accelerate progress towards a better and cleaner planet Enable’s IFAs in Bishops Stortford can help you look through the options.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage

https://www.financialreporter.co.uk/mortgages/kensington-becomes-first-uk-lender-to-complete-green-bond-securitisation.html

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