Comments on: Green mortgages can save you money on your home loan

By: pelf

pelf — Tue, 09 Oct 2007 01:52:09 +0000

This is actually the first time I’m learning about green mortgages! I’ve never heard of it because we don’t implement it in Malaysia :(

But it sure sounds like a very good option, especially for environmentally-conscious people. Plus, it shows how much the authority cares for the environment too!

Thanks for sharing with us, Miranda! :)

By: Miranda

Miranda — Tue, 09 Oct 2007 01:42:08 +0000

Good on the U.K.!

Here in the U.S., you can get a tax credit for some things, like installing solar panels, but in general the tax credits are tiny.

Pick a developed economy, and you will find that any you pick is ahead of the U.S. in environmentally friendly efforts.

By: Silly Pat

Silly Pat — Tue, 09 Oct 2007 01:22:46 +0000

This is actually a very popular initiative in the UK. But the people who actually give the incentives out are the town councils, not the lenders.

To encourage people to make the move from old style houses to ones with better and more environmental-friendly consequences, they give cuts and a better rating to all those that undertake renovations to this end.

People are encouraged to put in better insulation, roofing and the like. Houses older than 10 years are a special focus.