UK
Ireland
Scotland
London
Construction News
17/05/2024
Octopus Energy And Perenna Launch 'Zero Bills' Home Mortgage
Octopus Energy and the UK's first covered bond bank, Perenna, have launched the world's first 'Zero Bills' home mortgage, unlocking sustainable homeownership for many more people across the country.
'Zero Bills' is a cutting-edge smart initiative created by Octopus that allows customers to move into homes that are kitted out with green energy technology, such as heat pumps and solar PV, and with no energy bills for at least ten years.
Perenna is the first bank to factor the value of Octopus' 'Zero Bills' initiative into its affordability calculations. The ‘Zero Bills Mortgage’ offers a lower rate than Perenna’s standard mortgages, rewarding customers for buying a sustainable home.
Perenna will give potential homeowners much greater purchasing power, reducing the deposit needed and driving down the barriers to buying greener homes.
Octopus Energy has already accredited over 1,000 homes across the UK through contracts with developers and housing providers. Accredited plots span a range of tenure types, including private and shared ownership, as well as affordable and social rent.
Octopus plans to deliver 50,000 ‘Zero Bills’ homes globally by the end of 2025. Perenna's 'Zero Bills Mortgage' will allow even more homes in the UK to be bought and sold by green-minded homeowners.
Research from Make UK Modular shows two-thirds of adults below the age of 30 consider sustainability to be an important factor when looking for a home.
Michael Cottrell, Zero Bills Homes Director at Octopus Energy, commented: "Our 'Zero Bills' homes guarantee no energy bills for 10 years. We're delighted that Perenna is the first bank to acknowledge the value of green tech by offering a lower interest rate to ‘Zero Bills’ customers compared with their standard mortgages. And we’ll keep innovating and partnering with like-minded companies to further speed up the move towards affordable, cleaner living."
Arjan Verbeek, Co-founder and Chief Executive Officer at Perenna, said: "Decarbonising UK homes is a massive challenge and requires collaboration. We’re glad to partner with Octopus Energy who want to solve structural issues and take ambitious steps to deliver them. The ‘Zero Bills’ initiative is a testament to how forward-thinking Octopus Energy is. We can't wait to unlock ‘Zero Bills’ homes for more people through our innovative mortgage offer."
'Zero Bills' is a cutting-edge smart initiative created by Octopus that allows customers to move into homes that are kitted out with green energy technology, such as heat pumps and solar PV, and with no energy bills for at least ten years.
Perenna is the first bank to factor the value of Octopus' 'Zero Bills' initiative into its affordability calculations. The ‘Zero Bills Mortgage’ offers a lower rate than Perenna’s standard mortgages, rewarding customers for buying a sustainable home.
Perenna will give potential homeowners much greater purchasing power, reducing the deposit needed and driving down the barriers to buying greener homes.
-- Advertisement --
Octopus Energy has already accredited over 1,000 homes across the UK through contracts with developers and housing providers. Accredited plots span a range of tenure types, including private and shared ownership, as well as affordable and social rent.
Octopus plans to deliver 50,000 ‘Zero Bills’ homes globally by the end of 2025. Perenna's 'Zero Bills Mortgage' will allow even more homes in the UK to be bought and sold by green-minded homeowners.
Research from Make UK Modular shows two-thirds of adults below the age of 30 consider sustainability to be an important factor when looking for a home.
Michael Cottrell, Zero Bills Homes Director at Octopus Energy, commented: "Our 'Zero Bills' homes guarantee no energy bills for 10 years. We're delighted that Perenna is the first bank to acknowledge the value of green tech by offering a lower interest rate to ‘Zero Bills’ customers compared with their standard mortgages. And we’ll keep innovating and partnering with like-minded companies to further speed up the move towards affordable, cleaner living."
Arjan Verbeek, Co-founder and Chief Executive Officer at Perenna, said: "Decarbonising UK homes is a massive challenge and requires collaboration. We’re glad to partner with Octopus Energy who want to solve structural issues and take ambitious steps to deliver them. The ‘Zero Bills’ initiative is a testament to how forward-thinking Octopus Energy is. We can't wait to unlock ‘Zero Bills’ homes for more people through our innovative mortgage offer."
Latest Construction News
17/01/2025
Leeds Trinity University has officially opened its newly refurbished City Campus at 1 Trevelyan Square in Leeds.
Completed by GRAHAM Interior Fit-Out, the transformation of the central Leeds site introduces state-of-the-art facilities designed to improve learning and collaborate with industry partn
17/01/2025
Trammell Crow Company (TCC) has secured planning permission for a Grade A logistics scheme in Heywood, Greater Manchester, following a successful planning appeal.
The development will feature two state-of-the-art industrial and logistics buildings. One building will house two units measuring 4,796
17/01/2025
Poole-based developer AJC Group has celebrated a record-breaking 2024, delivering 100 affordable homes, a significant increase from the 72 units completed in the previous year.
Since 2023, AJC Group has completed and handed over 172 affordable homes across five sites.
In 2024 alone, the developer
17/01/2025
Plans for one of the most ambitious parks projects in London have taken a significant step forward, with Haringey Council securing nearly two additional acres of land around The Paddock nature reserve in Tottenham Hale.
The agreement with Thames Water marks a major milestone in the transformation o
17/01/2025
Islington Council has unveiled two draft guidance documents aimed at helping residents, businesses, and developers combat climate change by making buildings more energy efficient and fostering a greener, healthier borough.
The consultation seeks feedback on the draft Climate Action Supplementary Pl
17/01/2025
The City of Wolverhampton Council has unveiled a £98 million investment plan over the next five years to develop around 500 new homes across the city.
The proposal, part of the Housing Revenue Account (HRA) Business Plan, received Cabinet approval this week and now moves to Full Council for final
17/01/2025
Croydon Council has announced a significant milestone in the redevelopment of the Purley Pool site, with revised proposals submitted for a new leisure centre, later living housing, and the regeneration of the surrounding area.
A planning application for the site was initially submitted in 2024, pro
17/01/2025
The City of Wolverhampton Council has announced that demolition work has commenced on the New Park Village estate, marking the start of a major £40 million redevelopment project to transform outdated council housing.
Contractor DSM Demolition has begun pulling down poor-quality bungalows on Valley
17/01/2025
Hillingdon Council has acquired 12 new homes at Carpenters Court in Uxbridge.
Leader of Hillingdon Council, Cllr Ian Edwards and Cllr Steve Tuckwell, Cabinet Member for Planning, Housing and Growth, visited the site to officially mark the handover of the properties from local developer Kearns Devel
17/01/2025
Organisers of UK Construction Week (UKCW) have announced another major coup for the show's 10th anniversary year, with the news that UKCW London will be co-locating with the 14th edition of The Stone Show & Hard Surfaces, the principal industry event for surface design.
Established 26 years ago, th
