Do you want to make a change in the housing market? This the last chance to tell the LENDERS project team your thoughts on green mortgages, energy efficiency and affordability.

Everyone seems to agree that the housing market neds to make some major changes if the country is to build more homes and if the market itself allows people to find the money to buy them. One way to make that change happen is to help the team running the LENDERS Project by telling them your views on green mortgages, energy efficiency and affordability via the projects online e-survey http://bit.ly/2drw5Bw. You’ve only got one week left. 

The LENDERS Project, the ground-breaking research project backed by Nationwide, CEW, the BRE and Principality and others is considering ways to link the energy performance of a home to its mortgage affordability.

The LENDERS project seeks to demonstrate at scale that the information required to make a more accurate estimate of your future home’s fuel bills is already available. By demonstrating how this can be used, and proving its reliability, the project plans to provide the mortgage industry with an improved method of making sure home owners can afford both their mortgage and their fuel bills.

Because of the LENDERS project, an energy efficient home with consequently lower fuel bills would leave the home-buyer with proportionally more of their income available to repay the mortgage. In turn, this extra money for repayments means they can afford larger repayments and therefore a larger overall mortgage, all without increasing the combined costs of the mortgage and fuel bills that the home owner pays overall.

We all need to look beyond just kerb appeal and the interior decor. We need to consider how a home performs at its core level – keep us warm in the winter and cool in the summer. As an industry, we need to ask a series of questions. How efficient are our homes that we manage, maintain and provide for consumers; how can we educate the homeowners to take more responsibility; and then how can we build an overall connection between performance and value?

Now is the time to complete that LENDERS Project survey: http://bit.ly/2drw5Bw