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Mortgages may be dependent on energy-efficient changes

By Jonathan Dawes, Fri 26 Feb 2010 - Published in Mortgages

People who buy energy-inefficient homes may find it difficult to get a mortgage in the future, according to an expert.

Andrew Leech, director at the National Home Improvement Council, said that in the future, property buyers should have to promise to make changes to the property in order to secure the mortgage.

He described it as the "next step", stating: "The seller will find it difficult to sell their property because the buyer won't be able to get a mortgage on the place because it is not up to a certain energy efficiency standard."

However, the expert admitted that making eco-friendly home improvements is expensive, especially if it involves getting an energy-efficient boiler. Mr Leech estimated it to be around £3,000, which many people do not have at the moment.

His comments follow the English Housing Survey, which found that the past few years have seen a sharp uptake in condensing and combination condensing boilers.