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HBOS and Abbey to launch green loan products

HBOS and Abbey have announced plans to launch a green loans next year.

HBOS says it will launch of green mortgages, while Abbey has committed to launching green personal loans.

The news comes after today’s Budget where the Chancellor re-affirmed the Government’s desire for the mortgage industry to launch green mortgages.

HBOS head of products Peter Jackson says: “Green finance is clearly an area where lenders can play an important part. We will launch a green mortgage next year.”

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