ZARAGOZA, 14 Feb. (EUROPA PRESS) –
Ibercaja Banco has launched a new mortgage aimed at financing homes with an A or B energy rating with the aim of reinforcing its commitment to sustainability by facilitating access
to sustainable housing by improving its financing rates.
The housing finance portfolio is highly significant in the Bank’s business due to its volume and its exposure to weather and transition risks. In this sense, the energy rating of each property determines the volume of emissions
that it generates and, consequently, the volume of emissions that is attributed to Ibercaja for participating in its financing, have pointed out in a press release from the financial institution.
“Improving the energy rating of the homes we finance reduces the carbon footprint attributable to the entity,” said Ibercaja’s Director of Marketing and Digital Strategy, Nacho Torre.
He stressed that transition risks must also be taken into account, which, in the housing market, consist of changes in the value of real estate derived from regulatory changes and market demand.
Torre went on to say the following: “Homes with the best energy rating maintain a better market value and, consequently, greater liquidity. In addition, their lower energy consumption means that, for equal pay, their owners maintain a higher disposable income” .
THREE OPTIONS
The new ‘More Sustainable’ Mortgage is available in three options: fixed, variable and mixed at 5 or 10 years. The contracting and bonus conditions are the same as those of the Ibercaja Vamos Mortgage range but with a more competitive rate.
The fixed modality, the interest rate is lowered 0.05 points; in the variable modality, the starting rate is reduced by 0.25 points and the differential over the Euribor by 0.05 points; while in the mixed mortgage, both the starting rate and the differential over the Euribor are 0.05 points lower.
For homes that are not classified as sustainable, with a rating from C to G, Ibercaja maintains the current range of Vamos Mortgages. In these cases, in addition to financing, the bank offers, in collaboration with Acierta Asistencia (CASER Group), an exclusive service for analyzing the energy efficiency of the home, proposing solutions, managing public subsidies and even carrying out the work. , to provide clients with access to sustainable housing.
As the bank has indicated, Ibercaja has taken on the challenge of the United Nations Sustainable Development Goals. Likewise, the entity is aligned with the objectives of the Paris Agreements and is a signatory of the Collective Commitment to Climate Action of the Spanish financial sector and the Net Zero Banking Alliance. For this reason, it continues to advance in the analysis to measure the carbon footprint of its portfolio and in reducing the climate impact of its financial activity, helping its clients to improve the energy efficiency of their homes.
