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The market for ‘green mortgages’ continues to grow with the announcement by AIB that it is introducing lower interest financing for energy efficient properties.

Bank of Ireland has unveiled a suite of green loans and interest rates to encourage home owners and businesses to be more energy efficient. The new initiatives include a green interest rate discount for borrowers buying or building energy efficient homes, and a green home improvement loan for energy efficiency retrofits. Businesses, including farmers, will also be able to access reduced interest rates for investment in energy saving improvements.

The pressure to build large volumes of additional housing in response to the housing crisis is driven by false logic and risks undermining both the quality of new homes and UK carbon targets, according to Richard Tibenham, lecturer in building physics at the University of Lincoln and director of Greenlite Energy Assessors.

Energy efficient properties less likely to default, research finds

RICHARD DOUTHWAITE proposes measures including energy upgrade of the housing stock  which could help to avoid economic meltdown, and JAY STUART outlines some energy saving measures which could be rolled out.