20 Jul '17, 10am

Homeyuyers should be given larger mortgages on greener homes, urges #LENDERS report @UKGBC

More accurate assessments of home energy bills by mortgage lenders could vary loans by up to £11,500 between the most energy efficient properties and the most energy hungry homes, according to a new report published today by a consortium of industry experts, including the UK Green Building Council (UK-GBC). The LENDERS project set out to demonstrate that improved analysis of the likely household energy costs could improve mortgage affordability assessments and potentially allow mortgage borrowers to access a larger loan on their home. The project looked at data from 40,000 homes and successfully demonstrated and modelled the link between energy efficiency and household fuel bills. The project team has created a new consumer calculator www.epcmortgage.org.uk to demonstrate the cost benefits of fuel efficiency, enabling would-be buyers to see the benefits of energy efficient...

Full article: http://www.worldgbc.org/news-media/homebuyers-could-borro...

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