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EPCs could pave the way to green loans


With the Energy Performance Certificate surviving the scrapped Home Information Packs, its role has the potential to expand and perhaps become a more integral part of property construction and financing.

Some commentators believe the information in the EPC could be used by lenders to provide a green mortgage loan.

This would offer applicants an additional sum on the mortgage to make environmentally-friendly improvements to the property.

Experts claim the sum loaned would vary depending on the A to G rating of the property and only be provided to the home owner on the completion of an updated EPC, which provides evidence regarding the energy-efficient enhancements that have been incorporated into the home.

The EPC could then be made available to the purchaser’s surveyor so the energy rating and associated recommendations are taken into consideration as part of the valuation, and the information fed back to lenders with the completed report.

This would remove the focus of implementing recommendations from the EPC away from sellers, who are not inclined to spend money on a property they are leaving, and put it on buyers who will have a vested interest in reducing the property’s carbon footprint and utility bills. This will make a positive impact on the environment.

It will certainly be interesting to watch how this develops over the coming months.



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