If you fix your mortgage, you do so in the expectation of putting up your feet and paying a set rate for a couple of years. Yet a new switching app looks set to turn that wisdom on its head. Dashly

It’s time to switch the mortgage — the app has just told me

Dominic Raab has said that the reality is that this ‘deal gives even more away.’
The Former Brexit Secretary spoke after Prime Minister, Theresa May, and the EU have agreed a new draft political declaration setting out the future relationship.

8 things you can do that will protect your home from rising costs

New service looks to challenge traditional switching sites.

A British startup wants to shake up the mortgage market. Here’s how

A new ‘always-on’ mortgage platform that one respected independent financial journalist has claimed could be a comparison site killer launched this week. “I think once people have used Dashly for the first time they will no longer have the need to visit a traditional price comparison portal again”, says Andrew Hagger.

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City A.M. sought the views of a selection of a number of small business owners about whether now is the correct time to remove the support package and what might happen in the months ahead.

End of furlough: ‘Time for the UK economy to put its big girl pants on’

IF you’re lucky enough to be in a position to buy your first new home, signing yourself up for a mortgage might seem a little daunting. With plenty of options to choose from – including what …

What is a mortgage term and which one is right for you?

On the resi front rates are cut across a number of two and 5-year products.

Clydesdale launch new range of remortgage exclusives | Mortgage Introducer

Buyers who miss 30 June cutoff may have to pull out of purchases, putting chains of sales at risk

Homebuyers rush to complete before stamp duty holiday deadline

The soaraway housing market rekindles memories of 2008 when a lending spree triggered the worst financial crisis for decades

Banks battle it out in mortgage price war

Major floods in Germany, a scorching heat wave across the UK, and hailstones in late July. There’s no doubt that we are now living with the effects of climate change. It’s impossible to ignore. Green initiatives are omnipresent; targets for net-zero emissions were announced by all major political parties at the last election - some more ambitious than others. When Amazon founded <a target="_blank" rel="noopener noreferrer" href="https://www.theclimatepledge.com/">The Climate Pledge</a>, to encourage companies to publicly commit to meet the Paris Climate Agreement in 2040, 10 years before the agreement's official 2050 goal, the world listened.&nbsp; The plastic bag charge has been rightly lauded as an example of positive behaviour change in people doing their bit for the planet, and there is certainly an appetite within society to take action to protect the environment - thanks in particular to David Attenborough’s Blue Planet - a real watershed moment. Now, many companies are doing their bit for nature, including the newly-established initiative, <a target="_blank" rel="noopener noreferrer" href="https://www.financeforgood.org/">Finance For Good</a>, which encourages best practice in financial services - and specifically asks firms to maximise the role financial services plays in reaching the UK’s net-zero 2030 target. But many won’t know that among the many changes they can make in their personal lives to do their bit for the environment is via their mortgage. Green mortgages have been on the horizon for some time, but many consumers - and indeed advisers who have been rushed off their feet with a booming property market - are yet to get to grips with the advantages of these products that more and more lenders are offering. And yet, what lenders are offering, if we’re really honest, is little more than greenwashing. Taking a low interest mortgage and calling it green does not an environmentally sound product make. Nor does it have any impact on the UK’s emissions. Put simply, the recent wave of ‘green’ mortgages are those that are specifically designed to reward people for buying more energy efficient homes.&nbsp; <a target="_blank" rel="noopener noreferrer" href="https://www.ipsos.com/ipsos-mori/en-uk/concern-about-climate-change-reaches-record-levels-half-now-very-concerned">According to Ipsos Mori</a>, 52 percent of people care deeply about climate change. But the uptake of green mortgages so far has been negligible. Until people had to pay for a plastic bag at the supermarket, very few chose to use bags for life. Similarly, before Elon Musk created a vehicle with a ludicrous mode, very few people wanted an electric car. Until a green mortgage means your energy bills are lower, why would we expect anyone to choose this option?&nbsp; It’s for this reason that <a target="_blank" rel="noopener noreferrer" href="https://dashly.com/">Dashly</a>, in conjunction with several big name lenders, is creating exactly that, a new, personalised 'decarbonisation’ mortgage whereby those with D-rated properties and below have access to exclusive deals that come with benefits such as free insulation.&nbsp; This could reduce a property’s annual carbon emissions from 6 tonnes to 4 tonnes, for example, and for existing highly efficient or well insulated properties, unlock some of the equity to subsidise and fund more radical things like ground source heat pumps, reducing our addiction to natural gas.&nbsp; This work can increase the value of a property exponentially. This would mean no erosion to the over <a target="_blank" rel="noopener noreferrer" href="https://www.savills.co.uk/insight-and-opinion/savills-news/311889-0/uk-housing-value-hits-record-%C2%A37.56-trillion-high">£7 trillion pounds of equity in the UK’s housing stock</a>, the equity remains.&nbsp; In summary, mortgages offer the perfect vehicle to accelerate the green housing agenda, but in order for that to happen the industry must turn its focus to the over 50 percent of homes rated D or below, rather than rewarding the 0.5 percent of properties already rated A. What’s without doubt, is that the financial services sector has an enormous role to play if the UK is to meet its carbon targets, and there’s no better time than now for the sector to take action and play its part. &nbsp;<blockquote>what lenders are offering, if we’re really honest, is little more than greenwashing. Taking a low interest mortgage and calling it green does not an environmentally sound product make. Nor does it have any impact on the UK’s emissions.</blockquote>

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