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Mortgages and energy ratings


sarahbell
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sarahbell

From Natwest
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https://www.natwest.com/banking-with-natwest/our-purpose/climate.html

 

Green Mortgages

NatWest Mortgages

Are you buying or remortgaging an energy efficient home with a valid Energy Performance Certificate (EPC) rating of A or B? You could save money on your monthly mortgage payments.

NatWest Green Mortgages are available to over 18s purchasing or remortgaging a home with a valid Energy Performance Certificate (EPC) rating of A or B. Available on selected products. Product fees may apply. Your home may be repossessed if you do not keep up repayments on your mortgage. Max LTV 85%.

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Axeman123

Isn't A or B acheivable with only very specialized construction methods from the ground up that no volume builder uses? (Passive House etc).

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9 hours ago, Axeman123 said:

Isn't A or B acheivable with only very specialized construction methods from the ground up that no volume builder uses? (Passive House etc).

No I managed to get my old new build up to B from C. Band A used to be very difficult, not sure if it still is. 

Can't remember the changes I made in full now but one of them was solar hot water and some toilet recycled water thingy. 

Wasn't worth it because nobody really cares about the EPC. 

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Frank Hovis
7 hours ago, spunko said:

Wasn't worth it because nobody really cares about the EPC. 

 

That's mostly the case though I think I would have taken notice if a house was either top or bottom rated.

I took in that mine was somewhere in the middle when I bought it but it would have made no difference to me whether it was anywhere from B to E; and I expect whoever buys it from me will be the same. It was actually D as I looked it up last week when this was being discussed.

I will have increased it by putting PV solar panels on it but their value is in the electricity they save / tariff they generate rather than in taking the EPC up to C or B.

That said the last I read having solar panels on doesn't increase the value of a house; so if free electricity makes no difference to price then EPC rating certainly won't.

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Axeman123
10 hours ago, spunko said:

Band A used to be very difficult, not sure if it still is.

I thought the whole premise of the scheme was constantly moving goal posts, ie an endless deathmarch to ever greater efficiency. Band A would always be the most efficiency acheivable, and prior band A properties would drop down to B etc over time.

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Frank Hovis
2 hours ago, Axeman123 said:

I thought the whole premise of the scheme was constantly moving goal posts, ie an endless deathmarch to ever greater efficiency. Band A would always be the most efficiency acheivable, and prior band A properties would drop down to B etc over time.

 

I would agree.

Social housing had a "Decent Homes" standard applied, possibly in the late 90s, and all the councils and associations had to spend a lot of money to raise their properties to this level.

It's a shame that similar requirements have not been placed upon private landlords.

There is now a creep towards "Decent Homes 2" which will cost even more money and lift the quality of social housing even further above that of private rentals.

Nobody ever cries "enough" and nobody ever gives a stuff about private renters.

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I suspect this is going to be enshrined in law soon. I wasn't aware that there was already a minimum EPC band requirement for being allowed to rent a property.

Unsurprisingly I'm being emailed by companies who are planning to offer "specialist" mortgages for those on EPC on F and below.

https://www.themortgageworks.co.uk/support/energy-efficiency-regulations

Being in a Listed building finally has its perks, I don't need to faff about with any of this shite when I sell... All Listed Buildings are exempt from EPC.

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sarahbell
20 minutes ago, spunko said:

Being in a Listed building finally has its perks, I don't need to faff about with any of this shite when I sell... All Listed Buildings are exempt from EPC.

So at what point will the listed building exemption change?

 

 

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2 minutes ago, sarahbell said:

So at what point will the listed building exemption change?

 

 

They would have to get rid of the restrictions, I literally cannot in-fill the walls here with insulation foam crap, because the walls are just single skin brick, or timber frame with infill old lathe & plaster. There's nowhere to put any insulation, unless I can knock it down and start again ;) 

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Frank Hovis
49 minutes ago, spunko said:

They would have to get rid of the restrictions, I literally cannot in-fill the walls here with insulation foam crap, because the walls are just single skin brick, or timber frame with infill old lathe & plaster. There's nowhere to put any insulation, unless I can knock it down and start again ;) 

 

Put up EWI and then pebble dash it.

Sorted.

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Axeman123
12 hours ago, sarahbell said:

The 73-year old and his wife had spent all their savings, £600,000

From the article they wanted £200k for bucketlist stuff. Surely a £400k house would have been plenty for their needs, and left enough for everything else without debt. I assume this was all about ego, the best house and all the consumption to boot.

You wouldn't beleive the stories from my late parents circle of the "wealthy" ones that left their kids nothing but a headache. One example was a detached village house with a paddock and the kids refusing to act as executor, because there would be nothing left for them!

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5 hours ago, Axeman123 said:

From the article they wanted £200k for bucketlist stuff. Surely a £400k house would have been plenty for their needs, and left enough for everything else without debt. I assume this was all about ego, the best house and all the consumption to boot.

You wouldn't beleive the stories from my late parents circle of the "wealthy" ones that left their kids nothing but a headache. One example was a detached village house with a paddock and the kids refusing to act as executor, because there would be nothing left for them!

The bucket list pricing makes no sense. He wants £200k to spend half an hour in a Spitfire (£1-2k), buy a classic car and restore a couple of other old rusty classics he's got. What are they, Rolls Royces?

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Axeman123
23 minutes ago, spunko said:

The bucket list pricing makes no sense. He wants £200k to spend half an hour in a Spitfire (£1-2k), buy a classic car and restore a couple of other old rusty classics he's got. What are they, Rolls Royces?

I could think of a much better £200k bucket list: Bang a pronstar, fire a mini-gun from a helicopter, african big 5 safari etc.

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5 hours ago, Axeman123 said:

From the article they wanted £200k for bucketlist stuff. Surely a £400k house would have been plenty for their needs, and left enough for everything else without debt. I assume this was all about ego, the best house and all the consumption to boot.

You wouldn't beleive the stories from my late parents circle of the "wealthy" ones that left their kids nothing but a headache. One example was a detached village house with a paddock and the kids refusing to act as executor, because there would be nothing left for them!

By the time people get to their late 60s you'd have thought they'd have got the "keep ahead of the Jones's" mentality out of their system.

But then i see my own parents go to the shops and come back with more needless shite they don't need when they've a mere 20k and a tiny pension set aside for retirement.

Truly are the most pig fucken ignorant selfish people to ever walk on the surface of this planet. When i was a kid i thought most my mates parents were absolute fucken wankers ... seems i was right!

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Axeman123
14 minutes ago, Hancock said:

 

By the time people get to their late 60s you'd have thought they'd have got the "keep ahead of the Jones's" mentality out of their system.

But then i see my own parents go to the shops and come back with more needless shite they don't need when they've a mere 20k and a tiny pension set aside for retirement.

Truly are the most pig fucken ignorant selfish people to ever walk on the surface of this planet. When i was a kid i thought most my mates parents were absolute fucken wankers ... seems i was right!

My parents became much more free spending in their later years, as you say just buying oddball crap like a pasta maker that was never even used. I assume boredom plays a big part.

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belfastchild
30 minutes ago, Axeman123 said:

I could think of a much better £200k bucket list: Bang a pronstar, fire a mini-gun from a helicopter, african big 5 safari etc.

10k to set up your own basic shoot (dont ask me how I know this, can be done cheaper - 5k.. but would you want to?)
5k to get to texas and helibacon (mate does this)
Think I spent about 2k for my big 5 but that was on the cheap 5k for a package, 25k to do it properly solo.

FFS 25k usd will get you the captains suite on a research boat to antartica.

I think I remember it was about 25-50k usd to nuke icebreaker then heli to the north pole and about the top end of the same to fly the south.
I missed out the 5k mig jet to the edge of space when I was in moscow but before they cancelled it was about 17k usd.

200k bucket list covers a hell of a lot. IIRC that was (usd) the original price of a seat on virgin galactic.

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Axeman123
10 minutes ago, belfastchild said:

Think I spent about 2k for my big 5 but that was on the cheap 5k for a package, 25k to do it properly solo

Including trophy fees? I am talking about shooting them, not taking pictures etc. Big 5: Cape Buffalo, Lion, Leopard, Rhino, Elephant.

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belfastchild
Just now, Axeman123 said:

Including trophy fees? I am talking about shooting them, not taking pictures etc. Big 5: Cape Buffalo, Lion, Leopard, Rhino, Elephant.

Ah, not my department ;-) helibacon will let you minigun hogs though ;-)

Been fishing in a lot of places about the world, worst was off key west, you sit in a chair with rods hanging out, they strike for you and then hand you the rod to reel in. FFS! The captains mate shoved me out of the way once to do it and then at the end of the trip said his tip wasnt included and he only takes cash. Heres a tip, dont do that again unless you want to swim home. Wonder do these big game hunters actually stalk and shoot or just sit with a rifle and dead animal?

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Axeman123
1 minute ago, belfastchild said:

Ah, not my department ;-) helibacon will let you minigun hogs though ;-)

Been fishing in a lot of places about the world, worst was off key west, you sit in a chair with rods hanging out, they strike for you and then hand you the rod to reel in. FFS! The captains mate shoved me out of the way once to do it and then at the end of the trip said his tip wasnt included and he only takes cash. Heres a tip, dont do that again unless you want to swim home. Wonder do these big game hunters actually stalk and shoot or just sit with a rifle and dead animal?

Helibacon looks awesome, and pretty reasonably priced considering. Have actually bookmarked it for after the GDXJ/TLT "accumulator" lol!

Never done a big game hunt, so dunno. I assume it is pretty much staking out and sniping the wateringhole. Much of the appeal would be posting pics on FB tbh! 

Big game fishing always looked like a blast, I certainly wouldn't have tipped based on your description.

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Could be some interesting changes in sentiment.. 

https://bestadvice.co.uk/victorian-property-prices-could-plummet-with-epc-targets/

Hargreaves Lansdown has warned that Victorian homes’ lack of energy efficiency could see their values plummet.

The Office of National Statistics has just published its report, Energy efficiency of housing in England and Wales: 2021.

Victorian properties have an average energy rating of E, while overall, properties in England have an average energy efficiency rating of 66 and in Wales it is 64 (both band D).


The government is targeting as many properties to hit band C as possible by 2035. Band C begins at 69.

The older a property is, the bigger the challenge. New properties built after 2012 score an average of 83 (band B), while those built before 1900 have an average score of 54 in England and 51 in Wales (band E).

Those built from 1983 onwards have an average rating of band C or higher, and those built before fall short of government targets.

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18 hours ago, Herby said:

Hargreaves Lansdown has warned that Victorian homes’ lack of energy efficiency could see their values plummet.

I've been thinking that for years and it's about time too.  The Kirsty an Phil effect may be on the wane:)

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