Green Mortgages Are Coming
Making Our Scottish Homes Greener (and Cheaper to Run) - article by our factoring company 7days.property
Cutting carbon from our homes is one of the biggest hurdles on the journey to net zero. Experts reckon it’ll take over £300 billion by 2050 to get every home up to standard – and much of that will come through the mortgage market.
For Scottish homeowners, this means the way we buy, finance and upgrade our homes could soon look very different.
Green Mortgages Are on the Rise
A new Green Home Finance Roadmap has just been launched to help lenders and brokers make eco-friendly mortgages mainstream.
These products reward you for having, or improving to, a more energy-efficient home – which could be a game-changer for Scotland’s older tenements and rural cottages. Backed by 34 organisations across housing, energy and finance, the Roadmap sets out how the industry can support families to future-proof their homes.
Start with the Basics: Maintenance Matters
Before jumping into solar panels or heat pumps, the first – and often cheapest – step is good maintenance. Fixing leaky roofs, draughty windows, damp walls or broken gutters can make a massive difference to energy efficiency and comfort. In Scotland’s climate, where wind and rain test our homes year-round, simple repairs can cut heat loss and lower bills straight away.
Once a property is watertight and well-maintained, retrofitting with insulation or renewable heating becomes far more effective.
That’s where 7days.property can help: offering clear guidance on property upkeep, spotting issues early, and helping homeowners understand how maintenance links into the wider retrofit journey.
Their support makes it easier to plan the right improvements in the right order, especially in shared buildings, where planned preventative maintenance helps reduce long-term repair costs, improve energy efficiency and lower operating expenses - all supporting eligibility for green mortgages.
Scottish Buyers Are Keen
Here in Scotland, the appetite is strong: research shows half of all homeowners – and a huge 8 in 10 first-time buyers – would consider a green mortgage to help them buy or improve a property. That could mean lower bills, warmer homes, and even better resale value in the long run. With our famously changeable weather, the push isn’t just about carbon – it’s also about resilience against flooding and storms.
Greener finance options are coming your way, and paired with expert advice on maintenance and retrofit planning, they could help make your home both cheaper to run and more comfortable.
Find out more:
Green Home Finance Roadmap – Green Finance Institute
Get started on planned preventative maintenance
