LSL-backed PRIMIS has joined the Mortgage Climate Action Group (MCAG) which was launched earlier this year by Legal & General, Sesame Bankhall Group, and SimplyBiz Mortgages to address green issues involved in mortgage applications.

It aims to ensure that advisers’ interests are represented amongst lenders, regulators, trade bodies, and government institutions.

PRIMIS joins other firms including HL Partnership, Mortgage Intelligence, The Openwork Partnership and Paradigm Mortgage Services as the MCAG launches a new website including HSBC-backed training programme.

LAUNCH

In collaboration with the MCAG and the Green Finance Institute, the Association of Mortgage Intermediaries (AMI)  has launched a dedicated website www.greenmortgageadvice.uk to help inform brokers and their customers about the journey they can embark upon to improve their properties’ green credentials.

The website will clarify exemptions, limits of expenditure, and the short-, medium-, and long-term implications for the property market. The website is accessible to all. It covers subtopics including infrastructure, new technology, installation, financing, and how to ensure improvements are recognised and recorded.

HSBC-BACKED

In support of the MCAG’s goals, HSBC has designed three training modules which explore sustainability, net zero, and how the property industry can transition to a zero-carbon economy.

This training is available on the website to anyone from the industry and applicable for anyone interested in the climate change issue and wanting to learn more.

It’s only right that the housing market doubles down on its efforts to reduce energy consumption.”

Kevin Roberts of Legal & General Mortgage Services, says: “As one of the biggest contributors to UK carbon emissions, it’s only right that the housing market doubles down on its efforts to reduce energy consumption – rapidly rising energy bills only increases this urgency.”

Richard Merrett, Head of Strategic Development, SimplyBiz Mortgages, adds: “Whilst the Green agenda will not address rising mortgage rates, the current challenges consumers are facing on rising costs of living do emphasise the need for savings on energy costs and planning for longer-term sustainability.”