The launch has seen 34 organisations and industry bodies from the finance, energy and built environment sectors pledge their support for the actions in the roadmap.

These include the National Retrofit Hub, the UK Green Building Council, the Building Societies Association, the Intermediary Mortgage Lenders Association, the Association of Mortgage Intermediaries, and the Equity Release Council.

The GHFR is built on insights from industry voices, from mortgage lenders and brokers to retrofit experts and policy specialists.

It outlines five key themes for progress on a one-page action plan for industry to take forward.

A key application of the GHFR will be to maximise the impact of industry events and roundtables.

The UK’s Climate Change Committee estimates reaching net zero in residential property alone by 2050 will require an estimated £311.5bn capital investment, most of which is expected to come from the private sector.

Research from the GFI found that half of all homeowners and eight in 10 first-time buyers in Scotland would use a green mortgage to help them buy or upgrade to a greener home.

However to meet this demand, it states that there needs to be public engagement and access to financial products.

GFI suggests there is also a rising awareness in the industry that building resilience must go hand in hand with decarbonisation.

GFI green mortgage campaign lead Chloe Timperley says: “We’re proud to launch the Green Home Finance Roadmap as an essential tool for channeling more of the £242 billion a year mortgage market towards future-proofing the nation’s homes.”

“Developed through industry consultation, the Roadmap gives us a means to track progress, celebrate collective wins, and identify new priorities and areas of unmet need over time. It sets out a shared vision to help us move forward as an industry – and crucially, helps us avoid circling the same conversations or working in silos.”

Meanwhile, Association of Mortgage Intermediaries chief executive Stephanie Charman adds: “The Roadmap sets out what needs to happen if we want to make green finance part of everyday advice. AMI is delighted to see so many broker firms supporting this document, and we will continue to ensure the advice sector remains at the forefront of this important issue.”

GMAI chair and Alexander Hall managing director Richard Merrett states: “The Roadmap is a timely and much-needed resource for both lenders and intermediaries. It brings clarity, direction and momentum to a complex and fast-moving space.”

“From the start we have championed a ’country not club’” approach to the green agenda, and this document embodies that ethos of collective action. We’re proud to support this initiative and will continue to champion the role of the mortgage industry in tackling the climate crisis.”