Energy Efficient Mortgages Initiative strongly welcomes first strategic partnership to be launched under the Energy Efficient Mortgages Pilot Scheme

The Energy Efficient Mortgages (EEM) Initiative strongly welcomes today’s announcement that E.ON and BNP Paribas Personal Finance UK will work together to develop and pilot an Energy Efficient Mortgage product, in the first strategic partnership of its kind to be launched in the context of the Energy Efficient Mortgages Pilot Scheme.

Under the partnership, BNP Paribas would provide the improvement loan financing and E.ON would provide a managed renovation service. This service would help the customer to identify what measures would deliver the greatest savings potential, E.ON would then install the measures and offer a range of in-life energy services.

Currently, 39 European banks are taking part in the Pilot Scheme, launched last June, and have committed to test the implementation of an energy efficient mortgage product into their existing product lines and processes. These banks are joined in the Pilot Scheme by 25 other supporting organisations throughout the EU.

Luca Bertalot, Energy Efficient Mortgages Initiative Coordinator, commented:

“We are delighted to see that the Energy Efficient Mortgages Initiative has triggered real cooperation among market players which will provide consumers with a concrete incentive to improve the quality of their homes by way of an energy efficient mortgage. This latest development shows how the Initiative is a win-win for consumers and market players and we hope that this will be the first of many strategic partnerships in this area.”

Contact:

Luca Bertalot, Energy Efficient Mortgages Initiative Coordinator
E: lbertalot@hypo.org
Tel: +32 2 285 40 35