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September 08.2025

2 Minutes Read

Why A Quarter of Homeowners Are Opting for Green Improvements Now

Homeowners planning to make green improvements, symbolized by a green calculator and house cutout.

Exploring the Surging Demand for Green Home Improvements

As environmental awareness rises, it's no surprise that homeowners are increasingly turning their attention to green improvements. A recent report from NatWest’s Greener Homes Attitude Tracker revealed an inspiring statistic: 25% of homeowners are planning to make eco-friendly upgrades to their homes in the coming year. This marks the highest number recorded since the report began, showing a significant rebound from earlier this year when only 20% were considering similar plans.

Green Mortgages: A Step Toward Sustainability

Interestingly, the green mortgage concept is also gaining traction, with 20% of surveyed adults considering it. However, educational gaps still exist, as 13% of respondents remain unaware of what green mortgages entail. This suggests that while there’s a willingness to embrace green financing options, financial institutions have an opportunity to inform and guide potential borrowers toward sustainable choices.

The Income Divide in Sustainability Efforts

Despite the positive trends, a stark divide over income levels remains a barrier to making green improvements. Approximately 78% of homeowners in the highest income bracket are set on enhancing their homes’s sustainability within the next decade, compared to just about 50% among those in lower-income segments. This indicates that affordability still poses a significant challenge to sustainable home upgrades.

What Factors Drive Homeowners’ Decisions?

The factors influencing homeowners’ choices are evolving. Previously a top contender, the importance of Energy Performance Certificates (EPC) has declined, now ranked below factors such as local green space and access to public transport. Such shifts highlight changing priorities, pointing toward a broader recognition of lifestyle quality beyond property specifications.

As green improvements continue to gain momentum, financial institutions and service providers should consider these insights crucial in shaping their offerings. By addressing affordability and educational gaps associated with green mortgages, they can better align with the evolving preferences of environmentally-conscious homeowners.

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InterBay and Santander Rate Cuts: What This Means for Financial Institutions

Update InterBay and Santander Offer Hope with Recent Rate Cuts In a significant shift in the mortgage landscape, InterBay has enacted cuts of up to 50 basis points on its commercial mortgage rates, a move that signals newfound optimism within the sector. Meanwhile, Santander is poised to trim rates across various residential deals starting Monday as part of an effort to attract new customers and support existing ones amidst changing economic conditions. The Details Behind InterBay's Commercial Rate Reductions InterBay, a key player within the OSB Group, has made strategic adjustments to its semi-commercial product range, now starting at 5.34% for two-year fixed rates and 5.89% for five-year fixed rates. These enhancements include a flexible arrangement fee ranging from 1% to 4%, tailored for diverse borrowers. Additionally, a 20 basis point reduction has been instituted for its commercial owner-occupier products, with fixed rates starting from 6.39% for two-year terms. Marc Callaghan, the head of commercial lending at InterBay, emphasized the growing demand within the commercial market, which has prompted these reductions. “We’ve been able to move quickly to support our brokers and their clients with tangible benefits such as rate reductions and lower fees,” he stated. Santander's Timely Response to Market Needs Santander’s rate adjustments aren’t far behind, with reductions on products for home movers, specifically in the 75% to 95% loan-to-value range. Two-year fixed rates will see a decrease of up to 10bps, while three- and five-year fixes will be trimmed similarly. Such moves reflect Santander's ongoing assessment of the competitive climate, especially after postponing its third quarter results due to external factors related to the car finance compensation scheme. Market Trends: A Bright Horizon? Industry experts like Rob Jupp, CEO of Brightstar, have lauded InterBay's decision, attributing it to a broader trend of decreasing base rates set by the Bank of England. Jupp notes, “With investors increasingly focusing on high street properties, many are integrating residential units alongside retail spaces to optimize their investments.” This shift may herald a renaissance for high streets long in need of revitalization. The Importance of Staying Informed These strategic rate cuts from two significant lenders not only provide immediate financial benefits but also reflect a larger trend in the market, emphasizing the importance of awareness and adaptability for brokers and investors alike. Keeping abreast of these changes can facilitate better decision-making for those seeking to maximize their investments amidst evolving economic landscapes.

Unlock Savings: Foundation and Leeds Building Society Trim Mortgage Rates for Borrowers

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Why A Quarter of Homeowners Are Opting for Green Improvements Now

Exploring the Surging Demand for Green Home Improvements

Green Mortgages: A Step Toward Sustainability

The Income Divide in Sustainability Efforts

What Factors Drive Homeowners’ Decisions?

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