Lenders should have a role in building a market for energy performance improvements
Elmhurst has issued it draft response to the government's 'Improving home energy performance through lenders' consultation, and agrees that lenders should have an active role in building a market for energy performance improvements.
The consultation proposes that lenders of mortgaged properties would be required to disclose the average EPC performance of the properties on their mortgage portfolio and encourage them to sign up to a voluntary target of meeting a portfolio average of EPC Band C by 2030.
Elmhurst has reflected on the questions posed by this consultation and has developed a draft response in order to stimulate debate amongst our expert members as well as other housing and energy professionals within the industry.
The Headlines of Elmhurst's Draft response
Elmhurst's Technical and Operations Director, Stuart Fairlie, comments: "Elmhurst welcomes this government consultation which aims to provoke lenders to become more actively involved in improving the UK's property stock in regards to energy efficiency. With such great influence and involvement in the property market, it is inevitable that more intervention is required from lenders to ensure we can continue to progress to net zero carbon by 2050".
Elmhurst is keen to hear the views of our members before compiling a final response, which is why we have created a quick form that you can use to let us know your thoughts. We will review every response and attempt to include them within our final submission. Please also feel free to respond yourself, which you can do using the consultation link provided below.
This consultation closes on 12th February 2021