Householders are being asked to complete a survey that aims to gather information on their homes, energy ratings and energy bills.
The aim of the project is to find ways to move away from current estimates of energy costs in the mortgage lending process and towards more detailed affordability calculations based on the individual property.
The data gathered will be used to create more accurate information on energy costs and affordability that feeds into the mortgage lending process.
Such detailed data could mean that lenders can take into account smaller fuel costs allowing more to be borrowed on the mortgage. This might also encourage buyers towards more efficient buildings and potentially reflect the added value of such properties.
There are so many reasons nowadays for your home to be energy efficient and in turn save or even make you money. The great thing is most of the energy saving measures can be installed in your home under a grant or even free in some cases, just check out what you may be entitled to.
Benefits of an energy efficient home:
1) Save money on fuel costs
2) Increase the value of the property
3) Reduce your carbon footprint
4) More comfort in both winter and summer
Need some help?
It’s easy to find out if you qualify just select the upgrade you require and the click the “see if I qualify” or “apply now”. Taking action now could make and save you a great deal of money in the coming years.
