Perenna Launches Green Mortgage to Empower Homeowners with Sustainable Upgrades With Heatio
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We spoke with Aniq Ahmed, Chief Communications Officer at Perenna, about the launch of the green mortgage.
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What exactly is a green mortgage, and how is it reshaping the home financing game?
A green mortgage is a loan designed to reward eco-friendly home choices with lower rates. With Perenna, you can save on mortgage payments by either choosing a "Zero Bills Mortgage" when buying a new build home accredited by Octopus Energy or getting our "Retrofit Discount Feature" by adding energy-saving upgrades, like solar panels or heat pumps, to your existing property. This way, you save money and reduce your carbon footprint.
Why should someone consider choosing Perenna's green mortgage?
Our Retrofit Discount Feature rewards you for making eco-friendly upgrades. By adding solar panels or a heat pump to your home, you can qualify for a lower interest rate on your mortgage. This means reduced mortgage payments, lower energy usage, and a positive impact on the environment - a win for your wallet and the planet.
What steps are needed to qualify for Perenna’s Retrofit Discount Feature*?
- Remortgage with Perenna
- Opt in to the retrofit discount feature during the remortgage application process
- Install solar panels (with a minimum installed capacity of 2kW) or a heat pump
- Have the work completed by an MCS certified installer
- Provide us with the MCS certificate or certificate number within 2 years of the mortgage start date
*Terms and conditions apply.
How do green mortgages benefit both my wallet and the environment?
It’s a win-win! Our green mortgages can save you money on monthly mortgage payments thanks to a lower interest rate. By making energy-saving upgrades, you can reduce your energy usage and potentially save money on your energy bills too. And, of course, making your home more energy efficient means less CO₂ emissions, which is a big step in the fight against climate change.
Why is Perenna focusing on green mortgages? What’s the mission behind this initiative?
We believe in doing our part for the planet. The UK has some of the least energy-efficient homes in Europe, and tackling this is essential for reaching net-zero emissions. By offering green mortgages, we’re encouraging homeowners to make greener choices and helping them along the way with financial incentives.
How much could someone potentially save by opting into Perenna’s Retrofit Discount Feature?
Savings vary depending on your mortgage amount, term, interest rate, and the upgrades you choose. For example, if you’re borrowing £300,000 over 35 years at an interest rate of 6%, our retrofit discount feature could reduce your interest rate by 0.20%, saving you around £40 per month or £480 a year on mortgage payments. That’s before factoring in any savings from the solar panels or heat pump!
Where can they find additional information or resources to start their green mortgage journey?
Head over to the Perenna website, where you’ll find our retrofit calculator and other tools to help you understand your home’s energy performance and what upgrades might be most effective. Our guides provide helpful information to simplify your retrofit journey.
What should they expect after opting into Perenna’s Retrofit Discount Feature? What are the next steps?
Once you’ve applied, your broker will guide you through the remaining steps, including any additional paperwork. After your remortgage is complete, you can start planning your retrofit upgrades, such as installing solar panels or a heat pump, and look forward to lower monthly mortgage payments (terms and conditions apply).
If you had to highlight one key reason to consider a green mortgage with Perenna, what would it be?
The best part of our green mortgage is the combination of savings and sustainability. You get a lower interest rate and monthly payments while making a positive impact on the planet. It’s an investment in your home’s future—and in the planet’s, too.
Heatio has partnered with Perenna to help you make energy-efficient improvements to your home. Using real-time energy data and advanced analytics, we compare your current energy spending to what it could be with low-carbon technologies.
Our Energy Specialists then create a bespoke Home Energy Report tailored to your needs. This report includes personalised recommendations for installing low-carbon technologies, such as solar panels and heat pumps and details on potential energy savings.
We will also guide you through the process of accessing the best tariffs, grants, and payment options. If you choose to proceed, our team will provide a design, quote, and full installation plan for the recommended technologies, helping you transition to a more efficient, low-carbon home.
If you want to learn more about how Heatio are helping Perenna customers, find out more here: https://www.heatio.com/energy-efficient-homes