Íslandsbanki now offers its customers a new type of mortgage loan – the green mortgage. The green mortgage loan programme enables customers to qualify for more favourable lending terms for financing of environment-friendly housing that is officially eco-certified.
The green mortgage loans, which fall under Íslandsbanki’s sustainable financial framework, reflect the Bank’s commitment to offering green products that are of benefit to customers and have a positive environmental and social impact.
No lending fees are collected on green mortgage loans. In addition, the Bank offers a discount on mortgage interest if the underlying property is certified to be environment-friendly (eco-certified). Qualifying eco-certification programmes include the Nordic Swan Ecolabel and the BREEAM - Very Good certificate. The number of eco-certified buildings in Iceland has increased in recent years and is expected to rise still further, as sustainability assumes greater priority throughout society.
Owners of eco-certified properties financed with existing loans from Íslandsbanki can contact us and apply for a discount on their mortgage rates. Further information on green mortgages loans can be found here on the Íslandsbanki website.