The start of 2025 has brought exciting news for homebuyers, particularly those interested in energy-efficient properties. Halifax, one of the UK’s leading mortgage lenders, announced in December, Energy Performance Certificate (EPC) ratings will play a critical role in their affordability calculations for mortgages.
What Does This Mean for Buyers?
Halifax’s new policy aims to incentivise the purchase of energy-efficient homes by offering increased borrowing potential for properties with higher EPC ratings. As part of their calculations, homebuyers purchasing properties rated A or B will benefit from improved lending terms compared to less efficient homes. This shift acknowledges the reduced running costs associated with energy-efficient homes, which makes them more affordable in the long run.
For prospective buyers, this means:
- Potential for Larger Loans: Buyers of high-performing EPC-rated homes may now qualify for larger mortgages.
- Increased Financial Accessibility: A-rated homes, like those at Mount Pleasant, offer the dual benefit of lower energy bills and better lending opportunities.
Why Choose Mount Pleasant?
Mount Pleasant is Edgefold Homes’ newest exclusive development in Glazebrook. Every home in this development boasts an A EPC rating, placing it at the forefront of energy efficiency. With features like enhanced insulation, modern heating systems and sustainable materials, Mount Pleasant not only helps the environment but also helps homeowners save on energy costs.
As Halifax’s new policy takes effect, Mount Pleasant buyers stand to benefit significantly. The A EPC rating ensures homes in this development are eligible for Halifax’s maximum lending calculations, giving buyers greater financial flexibility. Whether you’re a first-time buyer or looking to upgrade, this offers a compelling reason to choose an energy-efficient property.
Energy efficiency is no longer just about reducing your carbon footprint; it’s now a major factor in financial planning for homeowners. As more lenders follow Halifax’s lead, the value of A-rated homes is likely to increase, making developments like Mount Pleasant a wise investment.
Discover Mount Pleasant
If you’re considering a move in 2025, now is the time to explore Mount Pleasant. With Halifax’s new lending criteria, energy-efficient homes are more accessible than ever, and Edgefold Homes is proud to offer a development that perfectly aligns with this new standard.
Learn more about Mount Pleasant here and how you can secure your dream home today.
Make 2025 the year you choose sustainability, affordability and a brighter future.