Mortgages Uncovered

We may be far behind many of our European partners, but the ecologically friendly housing is finally starting to take off in the UK – and not before time either!

Councils across the UK are going to great lengths to stress the benefits of ‘green’ houses and living, with many offering all sorts of grants and other financial incentives to companies and individuals who want to build houses with a minimal carbon footprint. Indeed, providing you can show a benefit to the local economy (perhaps by using local tradesmen or whatever) it seems unlikely that you’d have many problems gaining planning permission for such a venture.

It’s far too soon to call this a green revolution, as the prices of property and land-for-building continues to fall it may be worth investing in a plot to build that eco-home, if you have the money already put away of course. Getting a loan for a standard mortgage if difficult enough right now without complicating things further!

If you actually build that energy efficient house many of your monthly expenses will drop, because ‘green’ also equals ‘more economical’, and the chance of getting any sort of grant or tax break from the council in the current climate is pure gold…!