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Do I Need an Energy Performance Certificate (EPC) Report to Get an Equity Release Mortgage?

Property applications that do not meet certain criteria will be rejected. The new rules prevent landlords from issuing new leases for commercial buildings that have not obtained at least an Energy Performance Certificate (EPC) from E. In some cases, improving energy efficiency can be costly, but homeowners may be able to re-mortgage their property to finance energy efficiency works. An EPC provides an indication of how much it will cost to improve the energy rating of the property, with the indicative costs of the changes. Mortgage lenders may soon be required to record and report annually the average energy efficiency certificate rating of the properties to which they lend.

When looking for an EPC provider, it is important to shop around for the best deal. An EPC will tell you how energy efficient a property is and will give it a rating from A to G (an “A” rating means very efficient). Pure Retirement is now offering a free energy efficiency certificate (EPC) to new customers who choose a classic annuity mortgage. If a landlord has difficulty financing the improvement works, they can release capital through a new mortgage. Pure Retirement has introduced personalized interest rates based on the borrower's zip code, property type, age and loan amount for each capital release.

This offer comes at a time when home improvements are one of the main reasons for the use of funds among consumers who free up capital. Homeowners have also used other financial products, such as capital release (16%), a second-rate mortgage (14%) or a bridge loan (12%).Pure Retirement states that this offer comes at a time when home improvements have been mentioned as the main reason for requests for funds from consumers who free up capital, and all this in the midst of the recent increase in energy costs.

Nigel Cook
Nigel Cook

Coffee expert. Hardcore social media fan. Wannabe tv junkie. Amateur web fanatic. Incurable internet scholar. Infuriatingly humble travel trailblazer.

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