"It's clear from the data that there’s a growing clamour for them to be taken into account when it comes to the valuation process and, to a lesser degree, mortgage rates."
When asked the question 'Should lenders reflect the EPC rating in mortgage rates depending on the EPC rating?' a small majority of 56% said yes, with 44% saying no. Six in 10 of respondents (59%) believed that the house buying public would pay more for an energy efficient property, while 41% thought they would not.
In addition, when asked 'Who do you think should fund retrospectively required energy efficient measures?' only 3% suggested that the public should foot the bill, 24% implied it was the government’s responsibility with 73% highlighting that it should be a mix of public and government funding.
Matthew Cumber, managing director of Countrywide Surveying Services, said: “Awareness around the green mortgage market and energy efficiency is clearly rising at pace. With changes to the minimum energy ratings in the offing, it’s clear that surveyors, lenders, intermediaries, homeowners, landlords and potential buyers all need to be fully aware of the challenges/opportunities involved in moving to a low carbon built environment.
“As always, these polls make for some interesting reading and discussion. A variety of issues around EPC ratings will continue to be at the centre of many debates and it’s clear from the data that there’s a growing clamour for them to be taken into account when it comes to the valuation process and, to a lesser degree, mortgage rates. And this is a discussion which I expect to gather further momentum in H2 2021.”
