A leading bank has advised Eco conscious consumers, who have been put off from choosing green financial products for fear of accumulating debt, that such products are unlikely to pose a significant debt risk.

A recent spate of media awareness has changed many people’s views towards environmental issues for the better. As a result, a large amount of consumers are opting for green products when sourcing mortgages and other types of finance. For those not in the know, any financial institution that tags the term “green” to any of their products does so on the understanding that a fee will be donated to certain eco institutions.

However, consumers perceive green financial products to be considerably more expensive that there non-green counterparts and are being deterred from buying them as a result. One of the more prevalent banks in this particular arena has defended such claims, saying that additional costs walk hand in hand with the additional benefits of such plans.

Despite consumer concerns, demand for green products is increasing. In an age where the effects of environmental damage are touted as the responsibility of everyone, green mortgages offer climate conscious consumers an ideal means, “to do their bit”.