Green talk
Building on the earlier publication about Top-slicing and Let-to-Buy | Exploring Untapped Opportunities for Lenders | Mortgage Solutions, which delved into unexplored opportunities for lenders featured in Mortgage Solutions, we present another episode to pique your interest, “Green Talk!”
A broker has raised concerns about landlords investing substantial amounts in eco-friendly renovations, relying on outdated Energy Performance Certificate (EPC) ratings (Green Talk). Despite these significant expenses, the property often does not officially improve after renovations.
This issue poses financial risks for landlords and underscores the importance of staying informed about current EPC standards and regulations. Property owners must ensure that their investments in green refurbishments align with the latest certification requirements to maximise the long-term benefits and value of their real estate assets.
Accord Mortgages has sponsored this video.
In a video series with Accord Mortgages, LDNFinance’s chief operating officer, Greg Cunnington, highlighted a common concern. Landlord clients in the Southeast hold property assets mostly rated D to E.
Furthermore, there’s a growing number of stories about past EPC reports. These reports have led to significant expenses, ranging from £20,000 to £30,000 on renovations. However, the legislative landscape remains challenging, often resulting in unchanged ratings despite major investments.
Cunnington stressed that landlords need to do thorough research. They should gather comprehensive information and understand the required measures. This approach is essential to elevate their EPC ratings to the favourable A to C range.
![Greg Cunnington](https://connectbrokers.co.uk/wp-content/uploads/2021/10/Screenshot-2023-11-24-131909-231x300.png)
Cunnington emphasised, “Our firm is ready to provide valuable assistance. When engaging landlords, we have a wealth of information. We also connect with third parties, trade bodies, and skilled tradespeople. This positions us as a crucial resource. This presents a significant opportunity and underscores our fundamental purpose – to offer informed counsel.”
Syms highlighted the advisory risks for networks and intermediaries. He cautioned about the intricacies within. “The devil is in the details,” he said. Presently, much remains uncertain about the exceptions concerning affordability and properties. There is a risk of rushing to the educational aspect. Individuals might invest heavily without achieving the desired outcomes.”
![Liz Syms](https://connectbrokers.co.uk/wp-content/uploads/2021/10/Liz-Syms-300x212-1.jpg)
![Jeremy Duncombe](https://connectbrokers.co.uk/wp-content/uploads/2021/12/Jeremy-Duncombe-the-managing-director-at-Accord.jpg)
Credits to Mortgage Solutions: “Green Talk | Landlords Face Potential Losses by Misdirecting Green Investments Due to Outdated EPC.” Until next time, stay Connected!