Rising energy bills. Soaring fuel prices. Cost of living increasing. It's easy to get down about everything going up.
But here at Mulgrave Properties, we've had an energy saving, green lightbulb moment and it's time you switched on to saving in more ways than one. Because our energy efficient homes qualify for ‘green' mortgages. Which could actually save you thousands in gas bills and repayments and will be a gamechanger in the fight for a sustainable future.
That is why we believe the move towards net zero and beyond should start at home.
Due to expediential increases in global gas rates, the energy price cap will skyrocket by a record 54% from 1 April for approximately 22 million households across the UK. With prepayment properties anticipating an average yearly increase of £708. While those on default tariffs will see an increase of £693 per year.
However our new-build homes can allow you to apply for lower rates on 2 or 5 year fixed ‘green’ mortgages - just one of the ways we are supporting more conservational choices.
Every home has an Energy Performance Certificate (EPC). This tells you how energy efficient (or ‘green’) your property is. It is then given a score from A or 100 (most efficient) to G or 0 (least efficient), calculated using a Standard Assessment Procedure (SAP).
Our homes have an average of energy efficiency ranking of 81. Which means that they fall into the EPC rating of band B and we can provide a Predicted Energy Assessment (PEA) before your property is finished. Supplying you with forecasted figures which can be used to secure and save on your loan.
Whether you are buying for the first time or already have a mortgage, you could be eligible for a rate reduction [provided you are purchasing the property to live in] and receive cashback starting from £250* (Nationwide). Which will be paid to your solicitor on the day you drawdown your mortgage (max LTV 85%).
Find out more about how to qualify.