Ninety-four per cent of brokers are yet to ‘sell’ a green mortgage product, according to research by Countrywide Surveying Services (CSS).

A webinar poll conducted by the valuation panel management supplier also found that almost four in 10 lenders (39%) said they will have a green mortgage offering in place by the end of 2021.

Furthermore, 92% of surveyors reported that they are still yet to value a property with an EPC rating of A.

Almost 200 people responded to the poll, with the audience consisting of lenders, brokers, surveyors and other property professionals. CSS said the responses highlighted a drive from people to improve energy efficiency, with 46% personally seeking to carry out improvements in the next three years to make their home more sustainable.

CSS also asked the audience how they thought the majority of home improvements will be funded to make existing housing stock more sustainable. The majority of respondents’ highlighted government funding as being a key source (53%), followed by mortgage or second charge lending finance (24%).

“The outcome of these polls present some interesting insights from a broad range of people across the property and mortgage marketplace and produce responses to reflect on,” commented CSS managing director, Matthew Cumber.

“It’s fair to say that a multitude of drivers currently exist for lenders to enter the green mortgage market, but this still represents a small piece of the jigsaw and it’s up to us, as an industry, to help a range of potential buyers and homeowners to better understand the energy performance of their homes.

“In addition, we also need to support intermediaries in recognising the opportunities and potential green mortgage benefits on offer for them and their clients now, and in the future.”

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