Barclays launches new green mortgage scheme

08 May Barclays launches new green mortgage scheme

Good with Money reports that Barclays has launched a new Green Home Mortgage, offering discounted rates for those buying energy efficient properties from selected housebuilders.

The move follows the launch of its multi-impact growth fund, which enables its customers to invest in some of the best impact funds in the country.

Eco home lending specialists Ecology Building Society are sceptical about the impact of the mortgage offer, with Chief Executive Paul Ellis commenting:

There’s no reason to think that this tie-up with the large housebuilders will do anything more than provide a modest reduction in mortgage payments for some new-build homes that were already going to be built. So this initiative may prove to be little more than a small initial step on what needs to be a permanent and committed journey.

Read more on Good With Money.