Today the topic of sustainability in the real estate sector is becoming increasingly important. Also thanks to the European “green homes” directive, which sets the goal of achieving climate neutrality by 2050, investing in energy-efficient homes represents a major issue, on which credit institutions are also focusing. In fact, for some years now there has been the possibility of accessing muttered greenbank loans specifically designed to support purchase, renovation or construction of eco-sustainable properties. In this article we will find out together what are green mortgagestheirs advantages and the main ones requirements to get them.
What is a green mortgage
By green mortgages (or green mortgages) we mean bank loans aimed at those who want purchase, renovate or build properties with a reduced environmental impact. This is a type of product recently developed and which, compared to traditional mortgages, allows you to take advantage of more favorable economic conditionssuch as subsidized interest rates. Like the classic formula, green mortgages can also have a fixed or variable rate.
Types of green mortgages
It is possible to identify three types of green mortgage:
- for thepurchase of a property;
- for the renovation of a property;
- for the construction of a property.
Let’s look at each of these categories in more detail.
Green mortgages for purchases
In this first case the loan is granted to anyone who wishes buy an eco-sustainable homebelonging to one high energy class. We are therefore talking about very efficient houses from an energy point of view and with a reduced impact on the environment.
Green loans for renovation
In addition to specific incentives (those wishing to know more can read the article dedicated to the 2024 building bonuses), there is also the possibility of requesting a green mortgage if you want renovate a home with the aim of making it more ecological. To access this opportunity, interventions should generally guarantee an improvement in energy performance of at least 30%.
Green loans for construction
Also design and construction of eco-sustainable homes can benefit from green mortgages. The property must include a series of key elements to be eco-sustainable, such asthermal insulationthe installation of photovoltaic panelssolar panels and efficient heating and cooling systems.
Green mortgage: what advantages does it allow you to obtain?
As partially anticipated, green mortgages provide more advantageous economic conditions compared to traditional ones, especially in reference to interest rate, which is lower. This is due in particular to the fact that an eco-sustainable property will tend to increase in value over time. Furthermore, to the advantage of purchasing a house with an increasing value while taking advantage of lower interest rates, is added the fact that the owner will be able to benefit from a significant savings on billsthanks to the greater energy efficiency of the home.
How to access a green mortgage?
Let’s now see what the requirements and documentation are necessary to request a green mortgage and consequently take advantage of all the advantages offered by this solution.
Green mortgages: the necessary requirements
The conditions for accessing a green mortgage can change depending on the credit institution, but the a fundamental requirement is the energy efficiency of the property that you intend to purchase, renovate or build. If it is a purchase, the house must fall into a high energy class (therefore the APE certificate must certify its low energy impact), while, in the case of renovation, this should generally improve the energy efficiency of the home by at least 30%, as mentioned previously. In this case, to apply for the mortgage, it will also go presented a project of the planned interventions and the same applies in case of construction.
What documents are needed for a green mortgage?
Among the requirements necessary to obtain a green mortgage also includes the documentation that must be retrieved and presented. Among the main documents needed for the mortgage we find:
- documents personal data;
- documents income;
- APE (Energy Performance Certificate) which ascertains the energy class of the house;
- technical documentsfor example those relating to the construction or renovation project and the estimate of interventions to do.
Real Estate Residences is a company specialized in the sale of homes aiming ateco-sustainability and has always cared about the environment. The agency strongly believes in the importance of investing in properties that reduce environmental impact and, at the same time, increase quality and living comfort. Furthermore, it is the right choice for all those who want to be constantly followed, with the certainty of be supported by professionals in all phasesfrom the assignment of the assignment until the signature in front of the notary. Contact Real Estate Residences for more information.
By Mara D’Angeli
