Brits want green reductions in mortgages, says More Than

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Financial services provider More Than has found a third of Britons would consider making eco-friendly changes to their homes in exchange for cheaper mortgages.

In a recent survey, 29 per cent of respondents said they would be willing to spend on initial changes in return for a long-term reduction in mortgage costs.

Meanwhile, 60 per cent claimed they would welcome eco-friendly modifications, providing they made homes "significantly cheaper to run".

Mike Holliday-Williams, managing director of More Than, said: "Our homes account for 27 per cent of all carbon emissions."

"Its therefore time that we took note and acknowledged that we all have a part to play in helping the environment," he added.

Mr Holliday-Williams outlined simple exercises, such as turning down thermostats and switching electrical items off at the wall, which he claimed are cost-free ways of cutting emissions and energy bills.

More Than introduced reduced-rate car insurance earlier this year for drivers of hybrid vehicles such as the Toyota Prius.

The new results follow the announcement that parent company Royal Sun Alliance is the first UK insurer to become carbon neutral.

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