Buyers of energy efficient homes should be offered larger mortgages, study suggests
A home’s energy performance should be a factor that’s actively used by mortgage lenders to determine if higher levels of finance can be provided to new homeowners, a recent study has been able to reveal.
The Lenders project was launched in late 2015 by a consortium of partners spearheaded by Innovate UK, Nationwide Building Society and the UK Green Building Council.
It set out to demonstrate that improved analysis of likely household energy costs could improve mortgage affordability assessments, potentially allowing mortgage borrowers to access a larger home loan.
Reporting today after analysing 40,000 sets of property data, the project has concluded that more accurate assessments could vary maximum loans by up to £11,500 between the most efficient properties and the most energy hungry homes.
HeatSave Wireless TRVs – making your home more energy efficient has never been easier
The HeatSave thermostatic radiator valves are the easiest to install and most cost-effective energy-saving measures on the market, taking the concept of retro-fitting to the next level. They are particularly suitable for retrofitting, since one simply has to remove the existing TRV and replace it with the HeatSave unit.
The wireless thermostatic radiator valves enable users to set specific functioning times for each valve, and, since radiators are individually controlled, home owners are fully capable to maximise the zoning potential and reduce energy consumption in those areas that are not used for longer periods of time (as for example, dining or sitting rooms and kitchens during the night, etc.).
Additionally, the HeatSave wireless thermostatic radiator valves also provide an automatic exercising feature when unused for 7 days, whose purpose is to minimise seizing of radiator valves in warmer months.
All in all, the HeatSave TRVs enable users to achieve some pretty impressive savings, as they will help reduce your heating bills by up to 30%, especially when coupled with the HeatingSave Building Energy Management System.
If you want to find out more about the HeatSave wireless thermostatic radiator valves, our dedicated team is eagerly waiting to answer all of your questions.