New Halifax deals look to reward green property purchases

Published: December 18, 2007

Halifax has launched two new mortgage products that look to reward homeowners who buy their new property from builders with strong green credentials.

The three year fixed term and tracker deals are available with interest rates of 6.09 per cent and 6.14 per cent respectively, and offer completion dates of up to February 2009 for homeowners not able to move into their new property yet.

Welcoming the new products, Halifax new build team head, Andrew Bowes, claimed they proved the lender's commitment to promoting sustainable housing.

"We are actively involved in sustainable housing. Our focus has always been on encouraging homebuilders and homeowners to be more energy efficient. Launching an exclusive set of products to support this is the next logical step," he said.

Stewart Baseley, executive chairman of the Home Builders Federation added: "Achieving the government's hugely ambitious target of zero-carbon homes by 2016 will need a step-change in consumer attitudes. Halifax's new mortgage is an exciting development which should help stimulate future demand for low-carbon homes."

The new products will only be available to homeowners buying a property built by four leading sustainable home builders - Crest Nicholson, Taylor Wimpey, Countryside Properties and Berkeley Homes