green mortgages introduced by the Government
The government is trying to make borrowers
opt for environmental pollution free products, namely green mortgages.
They feel reducing carbon emissions will create a greener society
within the market.
The government is aiming as a back up to include stamp duty exemption
via zero-carbon properties and to put forward energy efficiency
scores in the new Home Information Packs which suggested to take
place in June 2007.
The press officer from the Co-operative
Bank, Andy Hammerton commented further on how the environment
can be saved;
"At the moment the government
is trying to do that through incentives,"
"It has a Climate Change Bill
which is going to commit the UK to lower its carbon emissions
by sixty per cent by 2050, so businesses and consumers are going
to have to adapt their lifestyles."
A few weeks ago Peterborough
and Norwich Building Society stated that green mortgages will
stand a high product within the market when released.
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