Lenders to declare EPC data on mortgaged properties
Following the release of the Prime Minister's 'Green Revolution – 10 point plan' in which the Green Homes Grant was extended by a year, there was even more good news for Energy Assessors. Government has published a consultation on ‘Improving home energy performance through lenders’.
The consultation belongs to a suite of policy proposals that aim to raise the energy efficiency of existing homes and is in line with the Clean Growth Strategy (CGS) commitment to upgrade as many homes as possible to Energy Performance Certificate (EPC) Band C by 2035, where practical, affordable, and cost-effective.
The government 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's Managing Director, Martyn Reed, commented: “The proposal will provide significant benefits to homeowners as well as the environment. In theory it should help to reduce bills, increase comfort, increase property value, as well as support the delivery of our fuel poverty targets and the UK’s fifth Carbon Budget. For Energy Assessors this will undoubtedly mean more opportunities with increased confidence being placed in energy assessments and EPCs.”
Elmhurst will review the consultation, before sharing a draft response with Members, who can contribute with their own suggestions, before we submit a final version (which will also be published).
The consultation closes at 11.45pm on 12th February 2021
The consultation can be found here.