Thisismoney.co.uk - Santander and Octopus offer bigger mortgages to buyers of eco homes

People buying the greenest homes could now borrow up to £30,000 more on their mortgage under a scheme from Santander and energy firm Octopus. 

Santander will offer the extra borrowing to people buying homes which have been built to Octopus's 'zero bills standard'.

Mortgage broker Aaron Strutt of Trinity Financial thinks the additional borrowing is a good incentive to buy a new property, but he said buyers should make sure they don't overpay for the home.  'The fact that buyers may be able to borrow up to £30,000 more will be helpful for some so they can purchase the property in the first place.

'This new energy tariff will no doubt be popular if people are buying an energy efficient new build because the idea of not having a gas and electric bill sounds very appealing. 

'Parts of the new build property market are really struggling now, so an incentive like this will be welcomed by property developers and those keen to buy new build homes.'

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