Green mortgages explained
A green mortgage could save you money if you have an energy-efficient home. Here’s all you need to know about green mortgages in Ireland and how to pick the best one.
Are you eligible for a green mortgage?
The eligibility requirements for a green mortgage are the same as for a standard mortgage application, such as being an Irish resident over 18 years, but to qualify for a green mortgage there are three pathways.
You may be entitled to a green mortgage if you are:
- Buying a home with a BER between B3 and A1
- Adapting a home so it has a BER between B3 and A1
- Building a house with a BER between B3 to A1
Green mortgages are available for:
Are green mortgages worth it?
If your home qualifies, it’s worth considering a green mortgage.
Check the fixed rate term is right for you and that you’re not missing out on other deals like cashback or bigger discounts before you decide.
Bear in mind that a green mortgage is not necessarily the cheapest mortgage deal on the market and you may find lower interest rates with a different provider.
If your home doesn’t meet the criteria, find out if there are any cheap and simple ways to boost your BER rating.
How to get the best green mortgage
The best green mortgage for you will depend on your circumstances, so it’s worth shopping around and comparing deals now there are a growing number of lenders offering this incentive.
Read our guide about building energy ratings (BER) to find out whether your home qualifies for a green mortgage in Ireland and how to boost your rating if it doesn’t.
If a green mortgage is right for you, compare home loan deals using our mortgage search and look out for the Green Mortgage symbol. To find the best green mortgage deal to match your needs, filter by:
If you’re just starting out on your mortgage journey, our Complete Guide to Mortgages in Ireland is a great place to start.