Lorraine Cooke

If your BEO rating, so that's the energy rating of your property, is B3 or higher, you may qualify for a green mortgage rate.

And a green mortgage rate, again, is more competitive than a non-green rate.

What is it?

Is it around 3% or is it less?

It depends, again, on the loan-to-value.

It depends on the amount that you've borrowed.

Probably around about 3.25% or 3.1% actually from one of the lenders.

It just depends if the banks pass on the rate cuts.

So the banks, you know, again, they may, if the European Central Bank rate increases, they may or may not pass on the interest rate.

It's probably likely that they will.

But again, to what level will they pass it on?

So we have seen other lenders increase their rates already, but they increased it on the higher loan to value mortgage rates.

So people who have maybe 80 percent plus, whereas the lower loan to value, they didn't pass on any rate cuts there.

So it just depends.

So I'd say don't wait around.

Act now.

Speak to your financial advisor and make sure that you deal with this now and don't react once the rates have increased.

What does financial well-being in your 30s look like?

Well, to find out, I'm joined now by Wealth Management Advisor with Jigsaw Finance, Lorraine Cook.

Good morning, Lorraine.