Do you know the BBVA Green Mortgage?

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Do you know the BBVA Green Mortgage?

Today's world requires us to be greener to face climate change

That's why the BBVA, at the beginning of 2020, incorporated sustainability into its policies to ensure its commitment to the environment, people and the economy.

Within their range of sustainable solutions, they have released a product related to the real estate sector, this is the Green Mortgage Credit. In this blog, you will learn the details of this product designed for a future that is more aware of environmental impact.

What is green mortgage credit about?

It is an economic benefit proposed by the BBVA Peru so that all those who wish to purchase a house or apartment sustainably certified by EDGE or LEED. This means that it will contribute to the care of the environment from design, construction to use and maintenance. In addition, it guarantees savings of up to 30% on monthly maintenance and services.

Green mortgage credit covers all 3 stages of the project

This means that you can buy your property either at pre-sale price or launch price or under construction, as well as in immediate delivery. The requirement is that the project be funded, exclusively, by the BBVA and is certified EDGE or LEED and you will get as an additional benefit a BBVA Green Bond of up to 25,000 soles credited to your savings account.

What does it mean to be EDGE or LEED certified?

EDGE

EDGE It's a sustainable construction standard that guarantees that the real estate project achieves 20% savings in energy, water and materials. The principles of this certification involve taking efficient care of energy (solar energy, natural ventilation, low-carbon glass, solar hot water collectors), water (low-consumption faucets and sanitary appliances) and ecological materials.

LEED

LEED signifying “Leadership in Energy & Environmental Design” and it is a certification system for the design, construction, maintenance and operation of sustainable buildings. It should be noted that it is one of the most internationally recognized systems. Its principles include caring for energy and the atmosphere, materials and resources, indoor environmental quality, innovation, efficient use of water, location and transport, among others.

How do you make the return of investing in a house or apartment built under a sustainable certification system tangible?

It is reflected in savings of up to 30% in the monthly maintenance and services of your home because certification guarantees energy and water efficiency.

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EDGE Certification: The Fastest Way to Build an Efficient Building

EDGE certification is one of the fastest and most effective ways to create efficient buildings, reduce energy, water, and material consumption, and increase property resale value. Developed by the International Finance Corporation (IFC), part of the World Bank Group, EDGE helps real estate projects lower their environmental impact, reduce operating costs, and support decarbonization efforts. With a streamlined and measurable process, EDGE has become a strategic certification for developers and investors seeking sustainability, profitability, and market differentiation.

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