A recent study by Mortgage Advice Bureau has revealed that 61% of prospective buyers were more likely to make an offer on a property with an Energy Performance Certificate (EPC) rating of Band C and above.
Three in 10 (29%) of those surveyed viewed energy efficiency as a key consideration in their buying decision, while 31% said they would be somewhat influenced by a better EPC rating.
Additionally, 17% of prospective buyers specifically check EPC ratings when searching for properties.
Ben Thompson, deputy CEO at Mortgage Advice Bureau, said: “The UK has some of the leakiest housing in Europe, and with energy performance now considered amongst the fundamental factors that buyers look for, sellers and developers should be focusing on this.
“Incentivising buyers through green mortgages could be achieved by offering them rewards or by going even further, with support from the government to offer the potential of a Stamp Duty rebate for those who retrofit a newly bought home to a C or above.
“This can ultimately improve the affordability of borrowers in the long run, improve market conditions, and make a difference to net zero targets.”
