Increasing energy bills and the impacts of climate change are becoming priority concerns for homeowners and the mortgage industry has been moving at pace to try and keep up.
The number of green mortgages available on the market has been growing significantly, increasing from just three in 2017 to 51 in September last year.
“As temperatures and sea levels rise, more consumers are going to want reliable, high-quality information on reducing their carbon footprint,” Sinclair said.
“Mortgage intermediaries have a unique opportunity to be at the heart of the conversation, and alert consumers to the various aspects of home energy efficiency they may need to consider.”
Sinclair likened the need for adaptation among mortgage brokers to when those who advised on buy-to-let began talking to clients about using limited liability company solutions “without becoming tax advisers”.
“We adapted then, it’s time to adapt now. It may not seem like a priority today, but this will grow quickly. Mortgage advisers can’t afford to be left behind,” he said.
jane.matthews@ft.com
