L&C announces 'green' mortgage initiative for home buyers

03-Apr-2007

London & Country Mortgages (L&C) has announced details of a new initiative, which may appeal to first time home buyers looking for a greener approach to taking out a new mortgage.

The mortgage broker has announced its intention, over the course of 2007, to plant 50 new trees every time a client - whether a first time home buyer or otherwise - takes a mortgage through their firm.

"A lot of consumers are interested in green mortgages, but there is confusion about what they are and many aren't willing to pay the extra price to get one," said James Cotton a mortgage specialist at L&C.

"By getting advice from L&C, borrowers can go carbon neutral in the first year of their mortgage," he added.

To find out about those mortgages specifically aimed at first time buyers, see our best buys for first time buyers table.

As a result of its initiative, the firm believes that 1.5 million trees should be planted across a diverse range of locations worldwide.

L&C is able to offer advice from the whole of market and does not charge a broker fee.

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