Financing your new build or renovation is an important step in bringing your future home dreams to reality.
So how much harder is it to finance your new build or renovation if your site is challenging? Or you’re building in a bushfire prone area? Or rebuilding after losing your home in a fire?
Amy is a Mortgage Broker and owner of Good Green Home Loans, a mortgage broking business that puts sustainability at the forefront of its lending decisions.
This is Part 1 of my conversation with Amy about what you need to know when financing your new build or renovation.
Good Green Home Loans is not your typical mortgage broking service.
Good Green Home Loans is here to help you find the right home loan at a great rate – using only environmentally responsible lenders who aren’t using their profit and power to support the fossil fuel industry.
Amy Beattie is a mortgage broker. However, she’s not like most mortgage brokers I know. And when I first heard about her business, Good Green Home Loans, I was so excited that it not only existed, but that it was being driven by someone with such purpose and commitment to their mission, they were willing to build a business on it.
It was during Amy’s career spanning over 15 years in one of Australia’s big banks that the idea for Good Green Home Loans came about.
Amy had always thrived on the happiness she’d feel helping people achieve their financial goals. But she wanted to do more!
Amy wanted her workplace to have genuine purpose, for her days to be filled with meaningful connections and to leave work each day feeling proud and smiling.
As the years went by she began to doubt if the financial services industry would satisfy her desire to have a positive impact on the world.
However, as she researched other avenues, and learnt more about her own choices and their impact on climate change, waste reduction, and improving the environment … she discovered that the financial services industry remains a significant supporter and enabler of the production of fossil fuels, the number one source of human produced carbon emissions responsible for global warming.
In this episode, I ask Amy questions such as:
- Do you find that by only offering home loans with lenders who don’t support the fossil fuel industry, it’s difficult to be competitive with the option you present to your clients, that they’re limited then in what they can choose from?
- How do you see people’s access to finance being impacted when financing riskier properties, or projects in certain areas that are bushfire prone?
- Are there specifics to know when it comes to financing bushfire prone properties, such as BAL ratings, or how much deposit you’ll need?
- When looking at construction loans for new homes or renovations, what things do people need to consider with financing?
Amy believes that Australia’s largest corporations have a responsibility to be leaders when it comes to protecting the environment.
With their continued investment in the fossil fuel industry they aren’t there yet.
The greatest way we can encourage change is by moving our valuable business elsewhere.
This is where Good Green Home Loans can help.
When you’re about to set up a potentially decades-long relationship with a lender for one of the biggest investments in your life, Amy helps you not only achieve a great outcome for your mortgage, but vote with your dollar for a future that improves the environment, reduces your carbon footprint, and she also makes a donation on your behalf to a charity or not-for-profit organisation helping the environment as well.
So, let’s hear more from Amy Beattie.
LISTEN TO THE EPISODE NOW.