Put EPCs at the heart of the home buying & selling process
Elmhurst Energy are pleased that DCLG are seeking a call for evidence on ‘Improving the home buying and selling process’. The Government highlight that there are more than 1 million homes bought and sold every year in the UK and they recognise that the process is not ‘smooth or simple’.
The Government are committed to “make it cheaper, faster and less stressful” and they are calling for ideas and suggestions to make this a reality.
Elmhurst Energy is the largest Energy Performance Certificate (EPC) Accreditation body in the UK with 25 years of experience We are governed by the Department for Communities and Local Government (DCLG), to ensure that we apply professional consistent standards to our members. We provide industry leading software platforms, training and support to our thousands of members, who produce EPCs for home sales throughout the UK.
Our aim is to put the EPC at the heart of the buying and selling process. EPCs are currently undervalued by both seller and buyer and we have recommended an overhaul of its presentation and the information it contains. Our aim is to ensure that all stakeholders consider it a valuable point of reference used by consumers, and the professionals on which they rely, to make informed decisions.
Elmhurst believe that the EPC could and should add value to the ‘entire’ process; if the document and the data are first understood and professionals use them informatively; our small tweaks will improve the value of the data throughout the home buying/selling process for the benefit of ‘all’ stakeholders.
Key Points in Elmhurst Response:
- Re-format the EPC to be more consumer friendly and benchmark certain types of homes e.g. the average Victorian home
- Always make the full EPC available at the point of marketing – not just the A-G graphs
- Ensure that the EPC is both recent and accurately all changes and modifications
- Conveyancers should use the data to advice their clients
- Mortgage Lenders should use the data to make better lending decisions
- Add Occupancy Assessments into the process, to allow prospective purchasers to understand future costs
After all we have over 16 million EPCs available for UK homes; so they are being ‘measured’, we just need to use the information, enabling people to ‘manage’ the comfort of their homes, in order to live in warmer homes that are and cheaper to run. Professional throughout the journey of buying and selling homes should use EPCs (and its data) to help smooth the process and make it cheaper, faster and less stressful process for all.
The digital age allows novel techniques to be used, and the time is right to embrace modern technology to help improve the current process, putting the consumer first.
Elmhurst has today responded to the DCLG's Call for Evidence, to read the full response Click here. We encourage all our members to take the opportunity to make their voices heard. The deadline is Sunday 17th December 2017.
The call for evidence can be accessed here: