HBOS to launch green mortgages

HBOS has unveiled plans to launch a green mortgage next year.

In the Budget earlier today, the chancellor identified the important role lenders have in introducing ‘green finance’ products to help customers reduce their impact on the environment.

HBOS says it will play a full part in helping to improve the availability of these products.

Peter Jackson, head of products at HBOS, says: “We welcome the chancellor’s comments about the government’s climate change agenda.

“Green finance is clearly an area where lenders can play an important part. We will launch a green mortgage next year.”