The key proposals are: annual public disclosure by lenders of the average EPC rating of their stock, alongside voluntary improvement targets (with a possible mandatory backstop).
Jenny Holland, Public Affairs & Policy Specialist at the UK Green Building Council, said:
“Both we and our lender members are absolutely committed to driving action to improve the energy performance and reduce the carbon emissions of the UK’s housing stock. We therefore applaud the intention behind these proposals – and fully support a move towards disclosure and targets – but we believe that further work is needed to address the risk of potential unintended consequences. In particular, care must be taken to avoid a two-tier market, where some homeowners who live in poorer-performing properties and/or have low income levels might be squeezed out of the mortgage market altogether or penalised with higher rates. We stand ready to work with BEIS to address these concerns.”