Did you know that buying a home can help the environment? Yes, if we bet on sustainable housing. Well, if you think that the property you are going to acquire is efficient (or you want to build or renovate one with these characteristics) you can ask for a green mortgage.
But what exactly is it? You may ask. Well, it is a mortgage loan with which we can finance the purchase, construction or renovation of a sustainable house. And, although at present it is not a product that is seen much in the Spanish market, there are several banks that offer this possibility in order to encourage eco-friendly houses.
What are the advantages of green mortgages?
- Money saving: These types of mortgages are cheaper because by saving energy in the house you will also save money (according to experts, the savings could be around €4000). Furthermore, the more efficient households are, the lower the interest rate.
- Reduction of environmental impact: saving energy helps to have a healthier and cleaner planet.
How to get it?
To get green mortgage, the property has to meet certain requirements and demonstrate them by presenting the documents that prove it to the bank. The requirements are the following:
- Have sufficient solvency to pay the entry and relevant expenses as well as a stable income.
- The energy rating of the house must be A+, A or B (whether we buy or build it). And, in the event that we are going to make a renovation, we must also reach that level of efficiency once it is completed.
Do you meet the requirements and want to add your grain of sand to the environment? Then do not hesitate and bet on a green loan. You will give your pocket and the planet a joy!