Upgrade your home and save
For homeowners, making their home more sustainable has always been a good way to both futureproof it and make it more comfortable.
But now, Dutch homeowners have an added incentive with ING introducing an entirely new pricing model for mortgages in which the energy label impacts the interest rate.
From the 30th of April, a specific mortgage interest rate per energy label is applicable, from G to A++++.
The new interest rates apply to everyone who takes out a new ING fixed-rate mortgage in the Netherlands. It also applies to those who enter into a new fixed-rate period for their mortgage, increase their current mortgage, or adjust their mortgage in the interim and receive a new interest rate proposal.
Previously, Dutch mortgage customers could only get a sustainability discount on their mortgage interest rate for labels A or better.
Leading role
The new pricing model is an important pillar of ING in the Netherlands’ vision on sustainable living. ING wants to play a leading role in accelerating the transition to a low-carbon economy by finding new ways to enable people to stay a step ahead on climate. Helping homeowners make their homes more sustainable fits in with this.
ING in Netherlands’ director of Housing Folkert van der Ploeg said “we think it is important that customers not only live energy-efficiently, but can future-proof their homes and make them more comfortable”.
“This new pricing model encourages that," he said.
If customers register or improve their energy label during the term of the new fixed-rate period and register those labels with the Netherlands Enterprise Agency, ING will automatically adjust the interest rate from the next month onwards.
This new Dutch pricing model complements the launch of ING Upgrader last December an all-in-one service for customers that want to make their homes more sustainable. The service features free energy-saving advice, help with applying for subsidies to the actual installation of the measures.
As society transitions to a low-carbon economy, so do our clients and so does ING. We finance a lot of sustainable activities, but we finance more that isn't sustainable. See how we're progressing on www.ing.com/climate.