Latest News

Further calls to Government to extend Stamp Duty cut

15 January 2021

A group of 50 Conservative MPs are calling on the Chancellor, Rishi Sunak to extend the stamp duty cut for properties worth less than £500,000 a further 12 months in a major boost alongside The Telegraph’s ‘Stamp Out the Duty’ campaign. Read More...

New building safety regulators proposed for Wales

15 January 2021

The Welsh Government’s Building Safety White Paper covers all multi-occupied residential buildings, from houses converted into flats through to high rise apartment blocks. It sets out major reforms to how properties are designed, built, managed, and lived in whilst proposing clear lines of accountability and a stronger regulatory system. Read More...

Consultation announced for improving energy performance for all homes

Wednesday 18 November 2020

Today the UK Government has announced its intention to start a consultation on how regulation can help improve the energy performance of homes in England and Wales.

The announcement forms part of the Prime Minister’s Ten Point Plan for a Green Industrial Revolution, also announced today, that sets out the UK Government's strategy for investing in green jobs and green initiatives, such as the Green Homes Grant Scheme.

As part of the consultation, the UK Government indicated it will be seeking ways to ensure that all homes, across all tenures of housing, reach a minimum Energy Performance Certificate Band (EPC) of C by 2035. This will include social housing, privately rented homes, and mortgaged homes where practical and affordable.

Quote mark

Ensuring we consider homes as part of the green industrial revolution to lower emissions is absolutely necessary and one of our biggest challenges will be how we make the existing housing stock energy efficient. We need to be careful however to not financially penalise those seeking to sell their homes. If lenders change their lending criteria to take into account EPCs there could be unintended consequences, ultimately making older homes harder to sell.

Mark Hayward

Mark Hayward
NAEA Propertymark Chief Executive

The UK Government is keen to use the consultation to understand what impact the proposals will have on homeowners and the homebuying market. There are some concerns that consumers with energy inefficient homes could, for example, have trouble accessing mortgage finance under these proposals. Another important consideration is what support will need to be available for financially vulnerable homeowners and first-time buyers to ensure they are not priced out of homeownership.

However, there are financial benefits for homeowners who improve the energy efficiency of their properties. According to the announcement, homeowners can expect to save, on average, £196 on energy bills per year if they increase their EPC band to a minimum of C and it will increase the value of their property in doing so.

The consultation can be viewed on the Government website and a series of stakeholder workshops will take place too, which Propertymark will be a part of. We will also be taking an active approach to the consultation and encourage members to share their views on the proposals. Any feedback is welcome and can be sent to policy@propertymark.co.uk.

View the consultation