Homeowners are missing out on lower energy costs, higher property values, and much more due to lack of access to affordable finance to invest in energy efficiency improvements.

 

This is according to a report for the Energy Efficient Mortgages Pilot Scheme.

 

The aim of the Energy Efficient Mortgage is to create a loan product for homebuyers to buy an energy efficient property or to improve the energy efficiency of their current home. They will be incentivised by access to a cheaper mortgage. The assumption is that if a property is energy efficient, utility bills will be lower, so a borrower will have more money to service the loan; plus the value of the property will rise much faster.

 

Research

 

A paper was published last September by the UK Energy Research Centre and University of Sussex Centre on Innovation and Energy Demand. The research found that if British homes could reduce their energy demand by a quarter, an estimated saving of £47 billion could be made. This would save UK households £270 each year off the average household energy bill of £1,100 – a saving that is equivalent to the output of six nuclear power stations.

 

Saving energy

 

Energy is the lifeblood of modern life. Getting energy right enables wellbeing for all and unlocks a more productive, efficient economy. We need to find ways to radically increase interest and action on energy efficiency, but property owners face a significant financing barrier when wishing to improve energy efficiency. In the UK, attempts have been made to tackle this barrier through schemes like the Green Deal, but they have failed in part as they weren’t designed with simplicity at the heart and with the customer front and centre.

 

Green mortgages have the potential to be a game changer in the delivery of affordable finance and we are ready to meet the challenge for home-owners motivated to take the step into energy efficient living.

 

Help required?

 

Want to improve your homes energy efficiency? Please make contact and one of our advisers will be happy to assist. 

It’s no secret that our heating bills are increasing and if all the experts are correct this winter prices will increase significantly. So is it time for you to act?

Professionally fitted loft insulation will keep you and your family warmer plus it will also save you on average £380 per year on your central heating bill. The really good thing is you may be able to have it installed free of charge if you are claiming certain benefits.

There are many types of insulation available and it is very important to select the correct product to suit your house, a professional installer will be able to point you in the right direction. Installing the incorrect product could end up costing you money.

How does insulating a loft help?

Loft insulation works by creating a barrier to the hot air which is rising from the lower levels of your home. We all know that hot air rises and therefore will easily escape through your loft and roof if it is not properly insulated. The air pockets in the insulation trap the heat and stop it escaping into the atmosphere thus keeping the house much warmer. With the correct insulation installed you will find your home will be cooler in the summer, so it’s defiantly a win win situation.

It is recommended to fit at least 270mm thick insulation into the loft area but as we said before the professional will advise you as to the best choice for you.

Plus points 

1      Smaller heating bills

2      House warmer in winter and cooler in the summer

3      Less carbon thus saving the environment

4      Less problems with condensation

5      Reduced noise levels

6      Increase the value of your house

Need some help?

It’s easy to find out if you qualify just select the upgrade you require and then click the “see if I qualify” or “apply now”.  This action really could save you a great deal of money over the long term.

If your boiler breaks down, we all know the costs involved of repairing or even replacing it in some cases can be very expensive. Did you know you may be able to reduce these costs by claiming a grant from the Government or even a replacement free of charge?

Boiler grants, eco-schemes, rental schemes and even boilers that claim to repay you in savings can all help you to avoid the initial cost. Not everybody is eligible for these schemes, but it is worth checking as a great deal of money can be saved.

Under the Government’s Energy Companies Obligation (ECO) scheme, some homeowners and private tenants can get their old and inefficient boilers replaced free of charge or have the cost to replace heavily subsidised.

This scheme was set up a few years ago to assist low-income families improve the efficiency of their homes thus reducing the carbon footprint. If you meet the criteria and your boiler is more than 8 years old, you should qualify. Government funding is limited, and the benefits criteria are always strictly adhered to.

Most homeowners are completely unaware of the savings a new condensing boiler can make on the annual budget. Experts estimate if the home is correctly insulated a new efficient condensing boiler can save as much as £485 per year. With the cost of fuel seemingly increase monthly efficiency within the home is the “name of the game”.

Find out if you qualify

It is so easy to find out if you qualify for a grant or even free assistance with making your home more energy efficient. Just select your requirement and click the “see if I qualify” or “apply now” button. Time spent now could save you a great deal of money in the future. 

Once you’re on the best energy tariff for your current needs, control is key if you’re to maximise your savings.

 

This can mean a few things where home energy is concerned, but a good place to start is getting to grips with your heating system by installing room thermostats, a programmer and thermostatic radiator valves. It’s not exactly exciting stuff, but when used properly, you can save money every year. It doesn’t need a change of boiler either. Getting the right controls enables you to set heating and hot water to turn on and off as you require them, heat only the parts of your home that need it, and at the right temperature.

 

Increase your control

 

You can take control up a level with smart technology. Smart heating controls are becoming increasingly available on the high street and online, and let you get a handle on home heating from your smart phone whether you’re at work, on the bus... or even at home. If you have the money for a bit of gadgetry that saves on bills over the long term, it’s worth researching these options.

 

Stop those draughts

 

After a bit of the shiny tech, get back to basics and stop those draughts.

It’s often a job put off, and it certainly couldn’t be classed as glamorous, but getting a professional draught-proofing job done on windows, doors and floors, plus installing a chimney draught excluder, can make a world of different to home comfort and save more than you would imagine.

 

And the small very simple things

 

And let’s not forget some of the classic small actions to take, which really can accumulate to a big impact.

 

Here goes: turn off the lights when you’re not using them, cutting roughly £14 a year of your expenses; use a bowl instead of running the tap when washing up and see around a £25 saving, and knock one minute off your shower time and make in the region of £19 in savings off energy and water bills. It all adds up to saving money!!

 

Help required?

 

If you would like to make your home more energy efficient, check on this site to see what you may be entitled to. Some actions can be installed free if you are claiming certain benefits. Or if you would like to speak to an adviser just make contact and we will be happy to assist. 

So, the good news is the summer is with us and the heating bills have reduced, thank goodness I hear you all say. We all know winter will be with us again and our energy bills will once again be increasing so it’s time to look at ways of saving money and cavity wall insulation is most certainly one.

One thing I think we can all count on is that our energy bills will increase again later in the year. Make cost-saving measures in the summer months really makes sense as there are always good deals to be had.

This form of insulation is a filling blown into the gap between your interior and exterior walls. It helps save heat loss through your walls and therefore saves you money on your energy bills.

Without cavity insulation, every home around the country could well be wasting more than £450 every year. Cavity insulation will keep your home warmer in the winter and much cooler in the summer, so it really is a win-win situation. You will also be reducing your carbon footprint considerably which is all helping towards a cleaner environment.

Installing this type of insulation is very quick and simple and will normally only take a day to complete.

The good thing is this could all be done for no charge as most energy suppliers are offering free installation if you meet the criteria. Many people around the country are missing out on energy saving benefits companies are offering. It is well worth your time to check and see what is available to you and your family, can you afford to waste money?

Need some help?

It is easy to find out if you qualify for a grant or even free installation select your requirement and just click the “see if I qualify” or “apply now”. This action could save you a great deal of money over the long term.