Property News · July 18, 2017

Let homebuyers borrow more on energy efficient properties, urges report


Making energy ratings a factor in mortgage offers could let people borrow £4,000 to £11,500 more, says Lenders groupHomebuyers could take out bigger mortgages if the energy ratings of properties were factored into the lending criteria of banks and building societies, government-funded research has found.Although estate agents are legally bound to display energy performance certificates (EPCs) in property listings, few buying decisions hinge on energy bill costs and the efficiency of a home is not considered in affordability calculations by lenders. Continue reading…

Source : theguardian.com
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