View more on these topics

Figures show new homes are more energy efficient

Meteorologists are forecasting 2005 as one of the coldest winters for over a decade, but figures analysed by reveal new homes are over twice as energy efficient as average older homes in the UK, meaning a warmer winter and cheaper energy bills. says new homes utilise the latest developments in building techniques and technology to improve their energy efficiency. Features which will contribute to a new home being more energy efficient than an older home include double glazing, improved wall, floor and roof insulation, modern boilers, solar heat gain, and better draught proofing. In addition and also contributing to lower energy bills, many new homes come fitted with energy efficient light bulbs and efficient kitchen and household appliances.

New homes now must meet a minimum rating of 100 on the standard assessment procedure rating for energy efficiency, increased from the 1995 minimum of 80. The scale of ratings runs from 0 for the least energy efficient home to a maximum rating of 120 for the most energy efficient home and indicates the cost of providing energy heat, light and domestic hot water per metre of floor space.

The average rating of a standard UK home is approximately 45 with older homes often further down the scale.

David Bexon, managing director of, says: “Homeowners with a new property will really notice the difference this winter in the temperature and comfort of their home. Not only are new homes better insulated so they stay warmer but this in turn cuts down on the amount of energy being consumed thus reducing energy bills and limiting the negative effect on the environment.”


Nationwide’s market share falls

Nationwide has denied losing its grip on the mortgage market after its half-yearly results revealed its share of the net market dropped by 5.4%. The society’s half yearly results show an 8.3% share of the net mortgage market for the period April to September 2005, down from 13.7% in 2004. It also had a reduced […]

Legal back-up for one-off fee

Lawyer for Life, which offers free lifetime legal advice for a one-off fee, launched its service to brokers and IFAs at the Business Mortgage Expo. L4L offers lifetime legal advice for 1,995, and brokers who refer clients will earn fees.

Bank of Ireland reveals profit before tax up 28%

The Bank of Ireland has revealed in its interim results for the half year up to September 30 a 28% increase in profit before tax.Basic earnings per share were up 30% and underlying earnings per share were up 10%. Brian Goggin, group chief executive for the Bank of Ireland, says: “This has been an excellent […]

Charity calendar will reveal secrets of the mortgage professionals

From Andrew Forsey The silly season is surely upon us. The normally staid Financial Services Authority has introduced a campaign called, ‘Mortgages laid bare’. Go to the FSA consumer website and you’re bombarded with cartoon characters totally naked, their modesty covered only by captions. I’m not sure this approach will raise the profile of transparent […]


News and expert analysis straight to your inbox

Sign up