The SimplyBiz Group has welcomed new research from the Intermediary Mortgage Lenders Association (IMLA) which showed that 35% of intermediaries intend to advise on green mortgages in the future.

IMLA’s survey also revealed that 74% of lenders expect to see this area grow in the future, with 13% already reporting a rise in interest since the onset of the COVID-19 crisis.

In April, Gateway Surveyors, which is part of the SimplyBiz Group, launched a zero contact valuation proposition with options that not only protected vendors and surveyors in line with government restrictions, but also reduced the carbon-footprint generated during the traditional valuation process.

SimplyBiz Mortgages CEO, Martin Reynolds, said that while the growth of the green mortgage market is a “positive step”, it needs to be embraced throughout every element of the property transaction chain in order to result in “real change”, and this includes increasing the use of virtual valuation.

“Gateway Surveyors launched this concept into the market six months ago and already has several lenders successfully using the process,” Reynolds said.

“Every valuation carried out virtually means one less car journey. Just think what the reduction in our carbon footprint would be for every 50,000 valuations that are undertaken virtually.

“It is evident that the appetite for green mortgages is already strong, and increasing, amongst consumers, and The SimplyBiz Group, via Gateway Surveyors, is proud to be at the forefront of introducing innovative solutions which support the long-term sustainability of both the sector and the planet.”

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