Latest Event

What is a green Mortgage?

Buildings account for 23% of all UK carbon emissions, and we know mortgages will play a pivotal role in financing the shift to net zero in the private housing sector. And yet, there is still no ‘official’ definition of a ‘green mortgage’.

! There is no formal regulatory definition, and regulatory returns data doesn’t differentiate between ‘green’ and ‘standard’ mortgages.

! In the market, the terms ‘Green’, ‘Sustainable’ and ‘ESG’ are often used interchangeably – despite carrying distinct (if overlapping) meanings.

! There is little consensus on how the various ‘green’ offerings out there can be categorised, nor how these correspond with different sets of consumer needs.

We may not have all the answers, but we believe now is the time to start the discussion.

To complement the webinar, we have created a handy ‘cheat sheet’ for advisers, covering such topics as:

  • The difference between ‘Green’, ‘Sustainable’ and ‘ESG’;
  • What is (or is not) a green mortgage product?
  • How to help consumers understand the distinctions.

Past Events

Mortgage Brokers – the climate is changing: should you?

The Mortgage Climate Action Group (MCAG) held its latest webinar: ‘The Climate is Changing, Should You?’ on 18th March 2024.

Featuring guest speaker Rachael Hunnisett, Associate Director of the Green Finance Institute, and host Karina Gerdes, Mortgage Advice Bureau’s Group Head of Sustainability, this must-watch webinar discusses how the climate is having a larger impact on financial services, and what this could mean for you as a mortgage broker.

Questions the webinar covers include…

  • What’s happening to the climate?
  • What are the implications for the UK?
  • What could this mean for the Housing Market?
  • How might this impact your customers?
  • What does this mean for the Financial Services industry and brokers?
  • What practical steps can advisers and business owners take right now – and where can they go for further information?

You can watch the event by clicking the button below.

With special thanks to Legal & General for providing the platform for this webinar.

2023

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Broker Handbook Launch

Join Robert Sinclair from The Association of Mortgage Intermediaries, Rachael Hunnisett from the Green Finance Institute, and Danny Belton from Legal & General Mortgage Club (a founding partner of The Mortgage Climate Action Group, now the Green Mortgage Advice Initiative) on Wednesday 1st March at 2pm for an insightful discussion.

Here’s what you can expect from the webinar:

  • A deeper understanding of green finance
  • Information on how to find and use the Broker Handbook>
  • Learn about the work AMI and GFI are doing
  • Further context on the green mortgage market
  • Hear the speakers’ views on where the market is going
  • A live Q&A with the speakers.
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Seeing the BTL Market through Green-Tinted Glasses

On the 3rd November, The Mortgage Action Climate Group (now the Green Mortgage Advice Initiative) hosted their second webinar looking at how the Buy to Let market is impacted within the green agenda. With further regulation planned in this space the MCAG secured the following presenters, Sara Palmer (The Mortgage Lender), Adrian Moloney (OSB Group), Jon Cooper (Aldermore), and David Whittaker (Keystone) to look at the areas affecting you as a broker, within your BTL book, your landlord clients, how lenders can work with you and what the future for BTL within the green agenda could look like.

  • Regulation under a Green economy (Sara Palmer)
  • A landlord’s view of what is required for BTL properties in a green economy (Adrian Moloney)
  • A lender’s view in a Green economy (Jon Cooper)
  • The future of BTL in a Green economy (David Whittaker)

The presentations were followed by a Panel debate. You can watch the event by clicking on the button below.

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Mortgage Climate Action Group inaugural event

The Mortgage Climate Action Group, now the Green Mortgage Advice Initiative, held its first event, open to attendees from across the sector, on Thursday the 4th of August.

Launched in April 2022, MCAG acts as a source of support for intermediaries, helping them to understand, and address, green issues when dealing with mortgage applications, and ensuring that advisers’ interests are represented among lenders, regulators, trade bodies and government institutions. Since launch, the founding partners of the Group – Legal & General, Sesame Bankhall Group, and SimplyBiz Mortgages – have been joined by other leading names from across the industry, including HL Partnership, Mortgage Intelligence, PRIMIS Mortgage Network, The Openwork Partnership and Paradigm Mortgage Services.

Following the event, MCAG issued a series of training materials aimed towards giving advisers a voice in achieving a Net Zero Future. Access the training modules here.