The real estate market has been betting on sustainability as a construction model for some time. And financial institutions too. An example of that is Abanca, which has just launched a mortgage with special conditions on the market for financing those houses that are energy efficient. As the bank chaired by Juan Carlos Escotet explained, with this new financial solution the entity “expands its offer of sustainable products and takes a new step in accordance with its Action Plan for responsible and sustainable banking for 2021 – 2024”.
Effective mortgage Abanca is intended to promote access to financing for those people who are considering access to a home with very special characteristics. In particular, on the purchase, independent construction or rehabilitation of buildings with an A or B energy efficiency certificate, a value that accredits a high degree of efficiency in the consumption of primary energy (non-renewable) and reduction of CO2 emissions.
The loan is available at a variable rate and improves the basic mortgage rate of Mari Carmen, through a bonus of 0.10 percentage points during the first year of the loan. A customer can continue to improve their interest rate and reduce the difference by up to an additional 1% if they add other discounted products or services, such as direct debit, paying for purchases with a credit card, or taking out home or life insurance, among others.
No opening commission
They explain from Abanca that this new product has no opening commission and, as with other Mari Carmen mortgages, the client does not pay notary, registration or agency fees. It can be contracted for a maximum of 30 years and allows financing up to 80% of the estimated value of the house or the purchase price.
“This new mortgage reinforces Abanca’s catalog of sustainable products and services”summarizes the entity in a statement that lists some of those that can currently be found, such as responsible investment funds for discretionary portfolio management, green bond issuance, loans for the purchase of green cars and financing products related to the Next Generation EU program, such as advance payments of Plan Moves III, building renovation solutions aimed at owner-occupier communities, or financing lines for renewable energy sources.
“With an efficient mortgage, we continue to progress in order to offer customers alternatives for our products and accompany them in the transition to a new sustainable economic and energy model, within our commitment to reducing environmental impact and promoting efficient consumption. . resources,” says Saray Cendón, director of business development at Abanca. The bank’s commitment to a respectable economic and social model is also visible in its workplaces. From 2020, all energy consumed in the entity’s headquarters and offices comes from renewable sources with a certificate of guarantee of origin (GdOs).
Source: La Vozde Galicia
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
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