BSA response to the Climate Change, Environment, and Infrastructure Committee of the Senedd Cymru.

Introduction

The Building Societies Association (BSA) is the voice for all 43 UK building societies, as well as seven credit unions.  Three of these societies are headquartered in Wales (Principality, Monmouthshire and the Swansea), with others providing branches in Wales. Together these organisations serve almost 26 million customers up and down the length of the UK.

Most building societies lend on properties in Wales. They have a strong interest in good quality housing, which includes ensuring these properties are energy efficient, with a fabric-first approach. A number of building societies already offer green mortgages and green further advances.  The latter will be most pertinent to the retrofitting of properties already owned, providing affordability assessed finance to fund up-front retrofit costs.  

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