Younger buyers care more about energy efficient homes
Nearly three in five (59%) 18-34-year-olds would pay more to buy a green property, suggesting it’s becoming more of a priority for the newer generations.
Nearly three in five (59%) 18-34-year-olds would pay more to buy a green property, suggesting it’s becoming more of a priority for the newer generations.
A brokerage has launched a range of lending products for investors wanting to bring their properties up to an Energy Performance Certificate (EPC) rating of C.
The government’s plans to bring in a minimum energy performance certificate (EPC) rating of C is causing confusion throughout the industry, according to Leeds estate agent, HOP.
Buy-to-let portfolio landlords are more likely to be aware of the government’s proposed EPC requirements than non-portfolio landlords, research by Landbay shows.
More than a third (37%) of landlords are demanding help from the government to upgrade the Energy Performance Certificate ratings of their properties.
Britain’s private rented stock is a long way from meeting minimum energy efficient standards.
Investors expect to pay an average of £10,400 per property to get their homes up to an Energy Performance Certificate level of at least C.
Paragon Bank has reduced its green buy-to-let mortgage rates.
The majority (79%) with properties built before 1900 accept they need to make changes to cut their carbon footprint, but most (57%) don’t know what improvements are needed, Together research shows.
However the deadline for existing lets to be upgraded to C will remain at 2028, while landlords who miss either deadline could be fined up to £30,000.