More Demand for Greener Properties

Date Published 27 June 2022

Statistics have said that Tenants are looking more at EPC ratings than ever before. There has been a surge in so-called green mortgages linked to good EPC ratings. Paragon Bank increased buy-to-let lending by 19.5% during the first half of its financial year. They completed £854.5m of buy-to-let loans in the six months to March 31. A total of £353m of completions were for properties with an EPC of between A and C, a 38.4% increase on 2021.

As well as this, one prominent energy industry organization has just issued a new guide aimed at improving private rental properties. The Energy Saving Trust, which describes itself as an independent organisation 'working to address the climate emergency' claims renters will be hit especially hard by the cost of living crisis as they are unable to carry out significant energy efficiency home improvements to reduce costs.

The Trust says: 'Landlords can support their tenants by offering energy saving advice and installing energy efficiency home upgrades. Summer is the ideal time to carry out these home improvements, before colder weather hits and energy prices go up again.'