Finding a Sustainable Mortgage

Creating a sustainable mortgage that is workable from a financial point of view and has environmental benefits with the help of a few simple home improvements further down the line is quite straightforward, especially with the help the websites such as emortgagecalculator.co.uk.

Let’s address the issue of money first and foremost because getting that first foot on the property ladder or shimmying up a few rungs is an expensive business. Without common sense and a bit of financial planning, you could soon end up racking up an alarming amount of debt and the worst-case scenario could see your home repossessed.

This is where it pays to use online tools like the e-mortgage calculator before going to financial institutions to ask to borrow a particular amount of money. Simply insert three basic details – the amount of mortgage required, the repayment period in years and what the interest rate is – and a click of the mouse later you’ll instantly find out how much you’ll need to repay on a monthly basis.

It really is that easy to discover what the true cost of being a property owner will be and will allow you to budget accordingly. If getting a mortgage is financially viable and you go ahead and the sale process goes through without a hitch, the next step is to look into the different ways you can make the property more environmentally friendly.

What’s more, creating a sustainable home can quite often end up saving you money, which will make it even easier to meet mortgage repayments, pay the bills and manage your other outgoings.

The following are ways of reducing your utility bills and going green:

  • Install solar panels that’ll not only save you money, but could also make you money in the long run as you can sell it back to the national grid. Check to see if any grants are available as officials in more and more countries around the world are getting behind the initiative and it’s never been a more affordable option.
  • Use energy-efficient products. They do often cost more initially than regular items such as standard light bulbs, but should last longer and save you money as they use less energy.
  • Insulate your property properly, from windows to the walls. Again, grants or some form of financial assistance may be available in your area so be sure to check.
  • Turn off the lights when you exit at a room, turn off appliances when you’ve finished them and never use the standby function on electrical items.
  • Only use appliances like a washing machine or dishwasher when there’s a full load or wash and dry dishes manually.
  • Take shorter showers and the resist the urge to take baths.

This guest post provided by e-mortgage calculator.

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