Key topics covered in this episode include:
- The general transition of the UK economy towards increased sustainability and green measures
- Greater interest among consumers in green credentials and what this means for lenders
- Practical methods to guide more borrowers towards a green deal with tangible rewards
- The effect in the short and medium term of higher living costs
While a growing number of consumers are showing an interest in sustainability and green issues, it’s also important for lenders to educate and explain the practical and day to day benefits, to help them make an informed decision.
Financing the green transition over the next ten years is going to require significant capabilities in terms of both the products and their distribution. This will include green residential mortgages, personal loans, green car loans and home improvement.
While it is not feasible to ask most individuals to invest a large amount of money to make the transition, many small changes can be made, such as lenders providing green alternatives that provide long term benefits.