Paragon Bank shared results from a recent study which was undertaken where 57% out of 500 landlords had not arranged a new energy performance certificate (EPC) following upgrades designed to improve energy efficiency.
This means landlords will be missing out on ‘green’ mortgages which are typically available to homes that have EPC ratings of ‘A’ to ‘C’. Of those who had their properties checked for their energy efficiency following upgrades, almost a third (28%) had improved their EPC ratings. 14% reported that their EPC remained the same.
Other research by Pegasus Insight (on behalf of Paragon) where 900 landlords were surveyed showed that 60% owned at least one property with an EPC ‘D’ rating, while one in four have a property rated ‘E’, ‘F’ or ‘G’.
According to the National Residential Landlords Association (NRLA), 73% of landlords were concerned about the 2030 EPC target for their current properties.
Source: Mortgage Introducer
According to a report in the Guardian, senior ministers have asked Treasury officials to look into a “proportional” property tax to see how it would work as an alternative to the existing stamp duty land tax on owner-occupied homes.
More than a quarter of UK adults in long-term relationships (26%) have reported that despite living together, they keep their finances separate from one another.
There has been a rise in both rent and mortgage costs over the last three years, with renters seeing a greater increase in their monthly payments than those with a mortgaged property.
14 days ago
The new Delayed Start Mortgage launched by Skipton Building Society allows first time buyers to postpone the first three mortgage payments. This product has been designed to help soften the blow of moving in costs for first time buyers.
16 days ago
Mortgage lenders are starting to recognise their “Green” responsibilities when it comes to the different products they offer.
A recent study by Boon Brokers where 1,000 people who had used an estate agent over the last year were surveyed, showed that a whopping 52% said they were pressured into using the estate agents’ in-house mortgage broker.
26 days ago
Analysts are predicting further rate cuts this year, with the next one possibly coming down to 4% when the Bank of England’s Monetary Policy Committee meet on Thursday 7th August 2025.
The Financial Conduct Authority (FCA) has shared new changes to mortgage rules with the aim to simplify remortgaging, and encourage competition within the mortgage market.