Featured - Account Types
What type of savings account do you need?Find out about the different types of savings accounts available to suit a variety of needs.
Savings
ISAs
Residential
Buy to let
Specialist mortgages
Featured - Debt and your credit score
How debt impacts your credit scoreA healthy credit score has its benefits, so make sure you manage your debt correctly.
Loans
Featured - Life Insurance
Life InsuranceFor peace of mind that your loved ones will be supported financially after you die, consider taking our life insurance. Find out more and compare policies.
Home & vehicle
Health & travel
Featured - Switching deals
In need of a cash boost?Providers often entice new customers with cash incentives for moving current accounts. Compare deals and find out how to make the switch:
Current accounts
Featured - Purchase Cards
Best purchase credit cardsExplore the best cards with a 0% introductory period.
Credit cards
Credit repair
Calculators & guides
Business savings
Business products
Business insurance
How much can I give as a cash gift?
How much can I give as a cash gift?Will your loved one's gift be tax affected?
Categories
Featured guides
Popular news
Latest news - by category
Other money & finance news
Featured Star Ratings categories
Other Star Ratings categories
Featured - Account Types
What type of savings account do you need?Find out about the different types of savings accounts available to suit a variety of needs.
Savings
ISAs
Residential
Buy to let
Specialist mortgages
Featured - Debt and your credit score
How debt impacts your credit scoreA healthy credit score has its benefits, so make sure you manage your debt correctly.
Loans
Featured - Life Insurance
Life InsuranceFor peace of mind that your loved ones will be supported financially after you die, consider taking our life insurance. Find out more and compare policies.
Home & vehicle
Health & travel
Featured - Switching deals
In need of a cash boost?Providers often entice new customers with cash incentives for moving current accounts. Compare deals and find out how to make the switch:
Current accounts
Featured - Purchase Cards
Best purchase credit cardsExplore the best cards with a 0% introductory period.
Credit cards
Credit repair
Calculators & guides
Business savings
Business products
Business insurance
How much can I give as a cash gift?
How much can I give as a cash gift?Will your loved one's gift be tax affected?
Categories
Featured guides
Popular news
Latest news - by category
Other money & finance news
Featured Star Ratings categories
Other Star Ratings categories
There are several mortgage lenders which now include additional incentives for homes with a certain EPC score
As the UK plans for its 2050 net-zero target, your home’s Energy Performance Certificate (EPC) will likely play an important role in encouraging the country to be eco-friendly. This is because your home can be one of the biggest sources of greenhouse gas emissions, and a test to see how it contributes towards sustainability can influence renters, landlords and homeowners alike.
So, below we’ve explained what an EPC is, and how it may influence the property market.
An EPC is a rating given to your home which determines its energy efficiency. This score is based on how much energy it uses, for example through heating, and how well it retains this energy. Carbon dioxide emissions also play a role in your overall score.
Ratings typically fall into seven categories, from A to G. Category A is the most energy-efficient rating and is usually awarded to newer houses with better energy savings features. Older homes, meanwhile, typically receive lower ratings unless they have undergone targeted renovations.
EPCs are valid for 10 years from the time of issue. So, before you decide to fork out money for a valuation, use the Government’s website to see if it already has a rating.
Of course, if you conduct renovations at home which you think will improve your home’s energy efficiency then you can always order a new test.
In order to get an EPC rating, you’ll need to get in touch with an accredited energy assessor. If you’re selling your home, your estate agent should help you with this process.
Prices for an assessor vary according to where you live and the size of your home. But as a rule of thumb, you can pay anywhere between £50 and £120 per valuation.
Searching for your home’s EPC rating is free of charge. So, you can make the most of this by comparing the rating to other similar homes in your area. This could help you determine if your home needs work and, if you’re a seller, it can help price your property.
The steps you can take towards improving your home’s EPC rating are based on reducing your home’s energy usage or improving its ability to retain energy.
To reduce your home’s energy usage, you could upgrade your home’s boiler or switch to LED light bulbs. Otherwise, to improve your home’s ability to hold energy you could look at implementing double-glazed windows and insulating your roof and walls.
The benefits of these two improvements will be felt in winter, as your home should retain much of its heating.
There are several mortgage lenders which now include additional incentives for homes with a certain EPC score.
This means if your home is particularly energy-efficient you may benefit from cashback, a free valuation or legal fees, among other incentives.
This depends on where the home’s EPC rating stands, among other factors.
If you’re a buyer, you’ll need to determine why the property has a poor EPC rating. Then you’ll be able to establish how much it would cost to improve this rating, and if the price of your property is discounted appropriately.
If you don’t plan on making any energy-efficient improvements, you’ll need to remember that a lower EPC rating means you could pay more in energy costs compared to other properties. So even if your home is cheaper, these heightened bills may put more strain on your monthly budget.
While renters don’t need to factor EPC valuations into their plans, these scores could help you determine how much you’ll spend on energy per month.
Yes, and it is important to remember that you can’t legally rent out a property which doesn’t have at least an E rating.
All of our newsletters are available free by email to all Moneyfactscompare.co.uk users.
Send me Weekend Moneyfactscompare, Savers Friend, Companies Friend and selected third-party offers.
Disclaimer: This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.
There are several mortgage lenders which now include additional incentives for homes with a certain EPC score
Borrowers may not realise that many mortgage providers charge exit/redemption fees. Read our complete guide to find out more.
Borrowers may not realise that many mortgage providers charge exit/redemption fees. Read our complete guide to find out more.
Saving for a deposit can seem like a daunting task but there's plenty of practical steps you can take to boost your savings and cut your costs.
Saving for a deposit can seem like a daunting task but there's plenty of practical steps you can take to boost your savings and cut your costs.
Fixed rate mortgages are typically the first port of call for borrowers, offering rate certainty and set repayments that can make the process of homeownership more streamlined and potentially cheaper, too. But the question is, for how long should you fix your mortgage?
For how long should you fix your mortgage? This guide will discuss your options in more detail.
Borrowers may not realise that many mortgage providers charge exit/redemption fees. Read our complete guide to find out more.
Borrowers may not realise that many mortgage providers charge exit/redemption fees. Read our complete guide to find out more.
Saving for a deposit can seem like a daunting task but there's plenty of practical steps you can take to boost your savings and cut your costs.
Saving for a deposit can seem like a daunting task but there's plenty of practical steps you can take to boost your savings and cut your costs.
Fixed rate mortgages are typically the first port of call for borrowers, offering rate certainty and set repayments that can make the process of homeownership more streamlined and potentially cheaper, too. But the question is, for how long should you fix your mortgage?
For how long should you fix your mortgage? This guide will discuss your options in more detail.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.