Leeds Building Society Carbon Offsetting Initiative

Leeds Building Society Logo

Leeds Building Society Carbon Offsetting Initiative

Leeds Building Society is the UK’s first lender to allow customers to offset the carbon on their new purchase 95% loan to value mainstream residential fixed-rate mortgages.

With sustainability, carbon footprint and the health of the planet becoming a talking and focus point for more and more of us, this new initiative from Leeds Building Society is sure to strike a chord with many.

Leeds Building Society has said they will invest in offsetting the forecast environmental impact of an average property during the fixed term of the mortgage. This is calculated taking into account the heating, power and lighting usage by a typical Leeds Building Society mortgage property, resulting in  4.2 tonnes of carbon a year.

In addition, this incentive is available for ALL properties, regardless of their energy efficiency rating which is another UK first.

Director of Products at Leeds Building Society Matt Bartle said:

“We’re really excited to be the first UK lender to offer purchasers a unique way to address their home’s carbon footprint during their mortgage,”

“Throughout this year we’ve been working hard to demonstrate our values by making direct links between our products and positive environmental action.

“This new carbon offsetting benefit for purchasers is available with a high LTV mortgage on any property whatever its EPC rating, as we understand bringing up your home to the highest standard can be expensive.

“We hope our offsetting of the home’s carbon footprint during the mortgage fixed term gives the buyer that time to consider next steps, such as saving up for improvements they need like a new boiler or replacement windows.

“This is a new and developing market so we’re launching this latest innovation on a pilot basis to gauge consumer demand as we explore how to better support our members as they look to reduce their impact on the environment.”

If you are interested in offsetting your carbon under this UK first scheme, get in touch with the Best 4U team today to see how we can help you. Call us on 01604 411 144 or email on enquiries@best4umortgages.com

No Comments

Post A Comment