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The Voice

LibLink: Wera Hobhouse on green mortgages

By The Voice | Fri 13th May 2022 - 12:56 pm

Wera Hobhouse has been writing for The House Magazine under the headline “A green mortgage drive could upgrade our leaky homes and slash household bills“.

She writes:

With household bills soaring, those hit the hardest are families living in the leakiest homes. Green mortgages could combat the UK’s leaky homes and bring down household bills in the long-run.

Research shows that households living in homes with an Energy Performance Certificate (EPC) rating of D or worse will be paying an average of £470 per year more than homes rated EPC C or better. That’s more than the average annual UK water bill.

It seems many banks now offer various incentives, including lower mortgage rates, to homeowners who either buy energy efficient homes or who borrow to fund upgrades. However they are still only a small proportion of mortgages.

Wera says:

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