Homeowners in favour of mortgages based on energy performance

It also found that 48% said they would consider improving the Energy Efficiency rating of their property if it meant accessing a better mortgage product if it paid for itself in five years. In addition to this, five percent of respondents to the mortgage lenders’ research, conducted by BVA BDRC, said they would make green improvements to their property if it paid for itself in 15 years. 

Commenting on the research, Foundation Home Loans’ commercial director George Gee, said: “There’s no doubting we’re going to be seeing a much greater government focus on the UK’s housing stock, how its energy efficiency ratings can be improved, and how that might help the UK meet its carbon emission targets.

“To that end, there appears to be a far greater appreciation of energy efficiency within the home from individuals, and it’s positive to see two-thirds of all those polled saying a mortgage product with rates based on EPC ratings would be an appealing part of the overall product mix.

“At the same time, with such incentives in place, more people are likely to consider improving the energy efficiency of their properties and it’s therefore important we have product availability that can support those improvements, whether for owner-occupiers or landlords.”