Could a green mortgage help you get on the first rung?

15-Dec-2009

First-time buyers who are saving up for a deposit might want to ensure they check out green mortgages in their search for the most suitable deal.

According to data from the Co-Operative Bank’s annual Ethical Consumerism Report, spending on this type of product has grown in the last five years, as has investment in sustainable products and services, with each UK household now forking out an average £251 per annum on green items.

Tim Franklin, chief operating officer at the Co-Operative Bank, said: "The report acts as a timely reminder to political leaders that many people in the UK are working hard to adopt a greener lifestyle."
Energy used in the home accounts for 25 per cent of the UK's carbon emissions, which contributes to climate change.

First rung homeowners can take additional steps to combat climate change by saving water and choosing greener appliances, furniture and fittings because it pays to think about the appliances you buy and the ways in which you use them.

How to buy a house from finding your first property, first time buyer mortgages, mortgage advice, shared equity, shared ownership, joint ownership, part buy part rent and HomeBuy. All a first time buyer could need as well as first time buyer news at FirstRungNow.com.

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