Mortgage Providers Launch Mortgage Climate Action Group

Legal & General, Sesame Bankhall Group and SimplyBiz Mortgages have teamed up to form a new mortgage climate action group.

The group’s aim is to interpret new climate change legislation and engage with industry stakeholders to provide advice and practical assistance to advisors.

The Mortgage Climate Action Group will serve as a source of support for intermediaries, helping them understand and address environmental issues when processing mortgage applications, and ensuring that advisors’ interests are represented among lenders, regulators, trade bodies and government institutions.

For example, energy efficiency is playing an increasingly important role for advisors in securing mortgages for their clients.

Latest figures from the Department for Business, Energy & Industrial Strategy (BEIS) suggest that the residential sector accounts for almost 21% of the country’s CO2 emissions, and according to the Office for National Statistics (ONS), less than half of homes in England and Wales have Energy Performance Certificates (EPCs) rated C or above.

The three companies have already started working with lenders and the Association of Mortgage Intermediaries (AMI). The companies also urged other industry players to support the initiative.

Anyone interested should speak to all three distributors, either directly with Michele Golunska, Richard Merrett or Kevin Roberts, or with their own distributors who are encouraged to join.

Michele Golunska, Managing Director of Sesame Bankhall Group, said: “Action on climate change is clearly a bigger issue than housing and mortgages alone, but new legislative changes will radically change consumer options and choices in matter of mortgage loans. Mortgage advisors play a vital role in helping clients secure what will likely be their biggest purchase. We strive to ensure that they are strongly supported to do so.

Legal & General Mortgage Club Director Kevin Roberts comments, “We believe that collaboration will be key to solving this extremely important issue. We have already worked closely with lenders and will soon be able to provide educational content, available as structured CPD elements, focused on supporting the counseling journey. »

“But our goals go beyond simply sharing practical advice, and we are committed to ensuring that the interests of advisers are represented among the various government and commercial bodies, while helping intermediary companies develop their own guidelines. when it comes to sustainability.”

SimplyBiz Mortgages Head of Strategic Development, Richard Merrett, adds, “It’s about ensuring advisors have a voice and are supported to play their part in raising awareness. We hope to create a positive culture around identifying issues that affect consumers and providing clarity for advisors on what is entering their world, so they have more opportunities to demonstrate their expertise and advise on actions. with their customers.

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