New green mortgage deal could save homeowners thousands!

In a bid to help combat climate change and soaring energy bills, innovative mortgage lender Perenna has launched a new scheme to help homeowners make their homes more energy efficient.

The new scheme, partially funded by the Department for Energy Security and Net Zero, will allow homeowners who install either solar panels or heat pumps to slash their mortgage interest rate by 0.2%.

This exciting new discount is only available to those taking out a new mortgage with Perenna and will be applied to the mortgage once the energy-saving improvements are made. Homeowners have a two-year window to complete the work.

Perenna estimates that someone borrowing £300,000 could save over £40 per month on their repayments. This equates to over £500 a year, and £20,000 over the lifetime of the mortgage! These figures don’t even include the savings made on energy bills by using green technology!

Perenna has teamed up with clean technology specialists Heatio to support homeowners looking to improve their home’s energy efficiency. As part of the scheme, Perenna customers will get free access to Heatio Flexx – a bespoke home energy upgrade plan.

Arjan Verbeek, founder and CEO of Perenna, said: “We are thrilled to begin piloting our retrofit discount. More than ever, tackling climate change is a social and economic imperative and businesses must collaborate with the Government to accelerate our journey to net zero.

“Homeowners are fundamental to this. This product will enable homeowners to lower their energy consumption, utility bills and mortgage repayments.”

Simon Roberts, founder and CEO of Heatio, added: “For too long, green technology for the home has only been accessible to the affluent. If we are to help more people lower their energy bills and reach net zero, we need to make it easier and more financially viable for everyone to make the transition to green technology like heat pumps and solar panels.

“Heatio’s intelligent energy platform supports and incentivises consumers to install energy-efficient technologies, providing real-time energy insights and optimising smart home technology to reduce bills and decarbonise new and existing homes. We are delighted to be working with Perenna to ensure clean, renewable energy is affordable and manageable for every home, driving the transition to a sustainable future.”