Friday 18th January 2008
Environmentally conscious mortgage holders are helping the green loans market through the credit crunch, Norwich and Peterborough reveals.
Spokesperson Alison Rolls explains that the typical eco-friendly customer prioritises issues other than the headline rate of their product.
As a result, increases in interest charges resulting from the credit crunch are not enough to dissuade such individuals from arranging a mortgage.
"The reason theyre interested in a green mortgage is because of their personal ethics," Ms Rolls asserts.
"So weve seen no difference at all and I would be very surprised if there was any difference."
Research published this week by Co-operative Financial Services reveals that Britons are planning to spend £13 billion reducing the carbon footprints of their homes in 2008.
More than two-thirds (68 per cent) of respondents said they already took steps to achieve this over the course of 2007.
But many expected to make less conventional changes to their lifestyles - such as catching rainwater to reduce the amount taken from the mains supply.
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