The move by Bank of Ireland to give mortgage discounts to homeowners as long as they have some form of energy rating would force large numbers of buyers to take on more debt, a leading broker said.
Bank of Ireland is introducing a new fixed rate mortgage product that will offer tiered discounts for homes that have a Building Energy Rating (BER) of any level. Under the EcoSaver Mortgage, even homes with the lowest rating of G will be entitled to a smal discount on the standard fixed rate. The product will be available both to new customers and existing customers moving to it and will be introduced on April 18th. "The concept behind EcoSaver is simple – the