Warning new scheme could leave tens of thousands unable to sell

Britain’s green ‘mortgage prisoners’: Warning Boris’s new scheme could leave tens of thousands unable to sell their homes if banks are forced to rate them on energy performance

  • Mortgage lenders would be forced to keep data on energy efficiency of homes
  • Means properties that didn’t meet these standards could become tricky to sell
  • Critics warned it could hit first-time buyers and families with period properties
  • ボリス・ジョンソン‘s new green mortgage scheme could leave tens of thousands of people unable to sell their homes if banks are forced to rate them on energy performance, it is feared.

    Under the Prime Minister’s net zero policy, mortgage lenders would be forced to keep figures on how energy efficient the homes they lent money against are and disclose these to the Government. They would also need to set themselves targets to improve how well-insulated the homes on their books were.

    This means properties that didn’t meet these standards could become tricky or even impossible for homeowners to remortgage on or sell.

    The issues could mirror those faced by owners of flats with dangerous cladding that have become impossible to get rid of.

    Boris Johnson launched the Net Zero Strategy today and claimed Government was 'taking bold action' against climate change

    Boris Johnson launched the Net Zero Strategy today and claimed Government was ‘taking bold actionagainst climate change

    The Government plans were published in the Net Zero Strategy which outlines Boris Johnson’s plans to meet climate targets such as reaching net zero carbon by 2050. They are also part of an ongoing government consultation.

    If implemented they could mean that homeowners face having to make costly energy efficiency improvements if they want to sell their properties.

    The cost of installing an eco-friendly ground source heat pump for example can be more than £20,000.

    Energy efficiency is measured by EPC ratings which rank properties from A, the most efficient, to G, the least.

    Those in older homes and period properties find it harder to make their homes greener. ほとんど 1.7 million homes in England and Wales with an EPC rating between D and G cannot be improved to reach a C rating, according to Rightmove.

    Critics warned the plan could hit first-time buyers and families with period properties.

    Sarah Coles, personal finance analyst at Hargreaves Lansdown, said some homeowners would find it ‘prohibitively expensive’ to make their house more energy efficient.

    ‘They may not be able to afford to borrow more, or the cost of changes to older properties may be disproportionately high, so they’d never recoup the cost of the improvements through a sale,' 彼女は言いました.

    Ms Coles said it is ‘likely to get much harder to track down a cheap mortgage for an inefficient property, which will make them more difficult to sell, which in turn is likely to bring down their value’.

    彼女は付け加えた: ‘Owners may also struggle to re-mortgage, so could end up paying over the odds each month

    ‘If you’re living in an old family home, and you need to trade down to boost your income in retirement, it could have far-reaching consequences for the rest of your life.’

    Liberal Democrat leader Sir Ed Davey, a former energy minister, condemned the plans as ‘an insult to first-time buyers who have scraped and saved to get on the housing ladder’.

    ‘The Conservatives must cancel this plan immediately,' 彼は言った.

    ‘Ministers are attempting to clean up their own mess by forcing innocent first-time buyers to fork out thousands of pounds extra, just as an interest rate rise is about to bite.’

    But trade association UK Finance said banks and other lenders are committed to making sure customers are not left behind.

    Critics warned the plan to link mortgages to green improvements could hit first-time buyers and families with period properties

    Critics warned the plan to link mortgages to green improvements could hit first-time buyers and families with period properties

    広報担当者は言った: ‘Greening our housing stock is vital if we are to meet our climate change obligations and banks and finance providers are committed to helping achieve this goal and making sure consumers are not left behind.’

    The new Heat and Buildings Strategy states that the Government ‘consulted on proposals to require mortgage lenders to disclose information regarding the EPC rating of their lending portfolios’.

    ‘We also proposed a voluntary target to reach an average of EPC band C across their mortgage portfolio by 2030, with the option of making this target mandatory if insufficient progress is being made,’ it says.

    Downing Street said it was considering the responses to the consultation and ‘would only introduce a policy which was guided by fairness for the public’.

    首相の公式スポークスマンは言った: ‘We have consulted on setting requirements for mortgage lenders to support homeowners to improve the energy performance of their homes.

    ‘The aim of that is to catalyse the development of a green finance market and make available affordable finance.’

    Around two in five homes in the UK currently receive a Band C energy ratingup from just nine per cent in 2008, 「忠誠のペナルティ」に取り組むために、顧客をより公正な取引に自動的に切り替えるテスト.