Report shows homeowners planning green improvements
August 6, 2024 by Brendan O'Neill
Home owners
A new report has revealed that the majority of people in the UK who own a home plan to make upgrades to it that will improve its sustainability during the next 10 years.
This report is called the Greener Homes Attitude Tracker and it was published by NatWest. The results show that close to 67% of those who own a property and who took part in the survey have plans to improve the sustainability of their homes. That represents the highest percentage to say this in the past two years. It is also a rise on the average figure reported in the past, which was 64%.
Of the 67% who indicated plans for sustainability improvements, 23% told the report that they hoped to complete them over the coming year. When asked this question at the same time last year, the figure was 20%. One third of the people who took part in the NatWest survey stated that they hoped to complete the ‘green’ improvements within a five-year period.
When it comes to the percentage of homeowners who did not indicate any plans to make their properties more sustainable, the primary reason given was cost. Approximately 68% cited that as the main reason.
Lloyd Cochrane from NatWest told Mortgage Solutions that:
“From our own research, we know that making greener changes is an important part of homeownership, particularly for the younger generation.”
Mortgage advisors who have the CeMAP qualification can draw the attention of people like this to green mortgages to help with costs.
Written by
Brendan O'Neill
You may also interested in:
Average age of first-time buyers on the rise
The average age at which people in England are buying their first home is on the rise, according to
More first-time buyers picking low-deposit mortgages
The number of first-time buyers who are choosing to take out lower-deposit mortgages is on the rise, according to
