Green Mortgages - The Latest Guidance

Introduction

Until recently green mortgages were a niche form of home finance, but they are fast entering the mainstream as major high-street lenders launch their green mortgage offerings.

New government initiatives, including updates to its Green Finance Strategy, aim to kickstart the green home finance market, with an emphasis on improving the energy efficiency of homes.

Consumer behaviour is shifting to demand socially responsible and sustainable finance. In response, an increasing number of financial services firms are aligning their products with environmental, social and governance (‘ESG’) considerations, which presents new challenges such as the risk of ‘greenwashing’.

As regulators flag concerns about the financial sector’s exposure to climate risk, research from the Bank of England indicates that mortgage borrowers in green homes are at lower risk of defaulting.

This webinar is suitable for financial services lawyers, conveyancers, and mortgage intermediaries.

What You Will Learn

This webinar will cover the following:

• What green mortgages are, how they differ from conventional mortgage loans and why they are attractive to homeowners and lenders
• How green mortgages are regulated - the Financial Services and Markets Act, the Mortgage Credit Directive Order and the Energy Performance of Buildings Regulations
• How green mortgages are documented - pre-contractual information, the mortgage offer, the terms and conditions, the mortgage security, and the energy performance certificate
• How green mortgages are funded - regulatory capital treatment, mortgage warehouse funding, securitisation, and covered bonds

This pre-recorded webinar will be streamed at 12:30pm on Thursday 9th February 2023 and will remain available to view by delegates who have registered by then for 90 days.