Mortgages: Energy Performance Certificates
The question
To ask the Secretary of State for Energy Security and Net Zero, if he will make an assessment of the potential merits of requiring mortgage providers to reflect the EPC rating of properties in their mortgage rate offers to consumers.
Answered by Miatta Fahnbulleh
The pricing of mortgages is a commercial decision for lenders. Currently the market provides a range of products such as green mortgages that can offer reduced rates or cashback for borrowers where certain conditions are met.
Any borrower seeking one of these products should speak to a mortgage broker, who will be able to assist them in finding the best possible product for their circumstances.
As part of the Warm Homes Plan, Government is exploring options for working with lenders to further scale up and diversify the private green finance options available to homeowners to support low carbon heating and energy efficiency retrofit.
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