Energy efficiency will be key for future mortgages
Getting a mortgage on a house will be tied to a property's energy efficiency in the near future, reports an industry expert.
This announcement comes at the same time as the government commissioned Callcutt Review is published, calling for greater investment in zero-carbon housing developments.
According to the National Home Improvement Council (NHIC), environmental improvements could be key to potential buyers deciding to take out a mortgage.
Andrew Leech, technical consultant to the NHIC, said: "We are going to reach a stage…where mortgages and getting a mortgage on a house will tie in with how efficient the house is."
"Anyone who has an inefficient house and is thinking of selling in a couple of years time maybe ought to think about whether their house is efficient," he added.
This advice will be of particular use for high-earning professionals, among whom often energy inefficient period-properties are popular.
This announcement comes at the same time as the government commissioned Callcutt Review is published, calling for greater investment in zero-carbon housing developments.
According to the National Home Improvement Council (NHIC), environmental improvements could be key to potential buyers deciding to take out a mortgage.
Andrew Leech, technical consultant to the NHIC, said: "We are going to reach a stage…where mortgages and getting a mortgage on a house will tie in with how efficient the house is."
"Anyone who has an inefficient house and is thinking of selling in a couple of years time maybe ought to think about whether their house is efficient," he added.
This advice will be of particular use for high-earning professionals, among whom often energy inefficient period-properties are popular.
