•   
  •   

UK News Make your home greener or you won't get a mortgage under new eco plans

02:51  20 october  2021
02:51  20 october  2021 Source:   dailymail.co.uk

Eco tax could help UK meet targets, says report Stanley Johnson backs

  Eco tax could help UK meet targets, says report Stanley Johnson backs Stanley Johnson, 81, (pictured) backed a report saying 'carbon taxes' will 'help generate funds needed so historically "mega-polluting" countries can help less fortunate nations'.The taxes, aiming to deter use of fossil fuels, will be ‘indispensable’ as the UK works towards net zero emissions, the Centre for Policy Studies study said.

Buyers of poorly-insulated homes may struggle to get a mortgage under government proposals to make the housing stock greener . The plan states lenders' properties should aim to reach an average energy performance certificate (EPC) rating of band C by 2030. Ministers could make the target The Prime Minister admitted this week that 'the UK is deciding to make a big bet on green technology'. But the gamble is in danger of going horribly wrong. In all manner of areas, red warning lights are flashing. Take the plan to ban all new gas boilers by 2035. Householders are offered grants of £5,000 each

Applications to the Green Homes Grant scheme are closed. If you applied for a voucher before 5pm on 31 March 2021, your application will still be processed. We will be in touch to confirm if your application is successful. If you have already been issued a voucher, you can still use it to get the work done. If you , or someone in your household, receives certain benefits, your voucher may cover up to 100% of the cost of your chosen improvements. The maximum overall government contribution is £10,000. Eligibility. If you submitted an application for a voucher by 31 March 2021, you may be eligible for a

MailOnline logo © Provided by Daily Mail MailOnline logo

Buyers of poorly-insulated homes may struggle to get a mortgage under government proposals to make the housing stock greener, it was revealed yesterday.

Mortgage lenders would have to disclose the energy performance of properties in their portfolio – and set themselves voluntary targets to improve the insulation of their houses.

Ministers hope that the move would encourage buyers to make their homes more energy efficient. But those that cannot afford to do this could struggle to remortgage or sell.

( © Provided by Daily Mail (

The plan states lenders' properties should aim to reach an average energy performance certificate (EPC) rating of band C by 2030. Ministers could make the target mandatory if not enough progress is made, according to the Government's heat and buildings strategy.

Revealed: Britain's best and worst mortgage lenders

  Revealed: Britain's best and worst mortgage lenders Which? has revealed the results of its annual survey, which pits mortgage lenders against one another in terms of their customer service and who offers the cheapest deals.Consumer website Which? has published the results of its annual lender survey, where it asks mortgage holders to rate them on their customer service and value for money.

Satisfyingly cheap, eco -friendly - and a canny way to avoid planning rules How tiny homes are After that, I’ll get on with the décor and furnishings, which I intend to make myself. My tiny home is But we recently got a Labrador puppy who comes in with muddy paws, so we are constantly I won ’ t lie, I was apprehensive about the eco -friendly composting toilet but it works perfectly and doesn’t smell.

Plan ahead Make the most of seasonal gluts and preserve vegetables in oils, vinegars, chutneys Practise eco -driving Research by the RAC Foundation has found that eco -driving leads to safer Reboot your wardrobe. Set a bar If a year without buying anything new seems too big a challenge Get a loan to improve your home ’s energy efficiency Some lenders provide cheap green mortgages

Only around two in five homes in the UK currently receive a band C energy rating or higher, according to government figures. Band A is the most efficient and G is the least.

Critics have warned that the plan would hit first-time buyers and families with period properties. Sarah Coles, of investment service Hargreaves Lansdown, said some homeowners would find it 'prohibitively expensive' to make their house more energy efficient.

She added: 'They may not be able to afford to borrow more, or the cost of changes to older properties may be disproportionately high, so they would never recoup the cost of the improvements through a sale.'

( © Provided by Daily Mail (

Miss Coles also said it is 'likely to get much harder to track down a cheap mortgage for an inefficient property, which will make them more difficult to sell, which in turn is likely to bring down their value'.

Warning new scheme could leave tens of thousands unable to sell

  Warning new scheme could leave tens of thousands unable to sell Under the Prime Minister's net zero policy, mortgage lenders would be forced to keep figures on how energy efficient the homes they lent money against are and disclose these to the Government. They would also need to set themselves targets to improve how well-insulated the homes on their books were. This means properties that didn’t meet these standards could become tricky or even impossible for homeowners to remortgage on or sell.The issues could mirror those faced by owners of flats with dangerous cladding that have become impossible to get rid of.

A Standard Mortgage Loan Won ’ t Do the Trick. For buyers purchasing an existing home , it’s relatively easy to get approved for a conventional mortgage , as long as they have good credit and reliable income. In this scenario, you may want to turn your search to owner-builder construction loans. In today’s housing market, it can be tough to qualify for these types of loans; but it is possible if you provide a well-researched construction plan that demonstrates your home -building knowledge and abilities.

Home owners could be forced to make their home more energy efficient in order to sell it under the new Government Net Zero stategy unveiled today. If implemented they could mean that homeowners face having to make costly energy efficiency improvements if they want to sell their properties. The cost of installing an eco -friendly ground source heat pump for example can be more than £20,000. Boris vows to make Britain 'the Qatar of hydrogen' and says ' green is good' as he woos business chiefs including Bill Gates at glitzy summit urging them to invest 'trillions' in tackling climate change.

She added: 'Owners may also struggle to remortgage, so could end up paying over the odds each month. If you're living in an old family home, and you need to trade down to boost your income in retirement, it could have far-reaching consequences for the rest of your life.'

Liberal Democrat leader Sir Ed Davey, a former energy minister, condemned the plans as 'an insult to first-time buyers who have scraped and saved to get on the housing ladder'. He added: 'The Conservatives must cancel this plan. Ministers are attempting to clean up their own mess by forcing innocent first-time buyers to fork out thousands of pounds extra.'

But trade association UK Finance said banks and other lenders are committed to making sure customers receive help. It added: 'Greening our housing stock is vital if we are to meet our climate change obligations and banks and finance providers are committed to helping achieve this goal and making sure consumers are not left behind.'

House sales shoot up a THIRD in September amid mortgage hike fears

  House sales shoot up a THIRD in September amid mortgage hike fears There were nearly 161,000 property transactions in September according to HMRC, a 67.5% increase on the previous month.There were nearly 161,000 property transactions in September on a seasonally-adjusted basis, a 67.5 per cent increase on the previous month, according to latest figures from HMRC.

The BBC has announced new graphics, idents and layouts to make their content 'instantly recognisable' that don' t show the name of the corporation. The changes, which will be absorbed into current budgets 'wherever possible', are part of an aim to 'join the dots' between different arms of the corporation. But when used interactively, the BBC letters appear and then reform to make up the three blocks used in the new logos. Industry insiders said earlier this year the rebrand would cost 'tens of thousands of pounds' but the broadcaster refused to confirm any figures to MailOnline. Copy link to paste in your

Getting a new mortgage to replace the original is called refinancing. Refinancing is done to allow a borrower to obtain a better interest term and rate. Refinancing is the process of obtaining a new mortgage in an effort to reduce monthly payments, lower your interest rates, take cash out of your home for large purchases, or change mortgage companies. Most people refinance when they have equity on their home , which is the difference between the amount owed to the mortgage company and the worth of the home .

( © Provided by Daily Mail (

The heat and buildings strategy states that the Government 'consulted on proposals to require mortgage lenders to disclose information regarding the EPC rating of their lending portfolios'.

The plan added: 'We also proposed a voluntary target to reach an average of EPC band C across their mortgage portfolio by 2030, with the option of making this target mandatory.'

Downing Street said it was considering the responses to the consultation and 'would only introduce a policy which was guided by fairness for the public'.

The Prime Minister's official spokesman said the aim of the plan is to 'catalyse the development of a green finance market and make available affordable finance'.

From cars to trees, how it will affect you

NUCLEAR OPTION

Britain plans to build both small and big nuclear power plants to produce clean electricity and help protect against global energy price spikes.

The net zero strategy restated the Government's commitment to bring at least one large-scale nuclear project to the point of a final investment decision by the end of the parliament, expected in 2024.

Apps to help you drive greener: Google Maps offers eco-friendly routes

  Apps to help you drive greener: Google Maps offers eco-friendly routes Google's new introduction to its Maps navigation system for 2022 will provide drivers with an alternative to the fastest and most direct route with the option of one that's best for the environment.The first is Google's introduction of 'eco-friendly routing' to its Maps navigation system, which will provide drivers with an alternative to the fastest and most direct route with the option of one that's best for the environment.

Negotiations are continuing to take forward plans for a new large-scale power station at Sizewell C in Suffolk. Other sites, including Wylfa on Anglesey, North Wales, could be used for future projects.

Ministers are looking at other schemes, including small modular reactors (SMR), which are more flexible and affordable than traditional power stations.

'GUILT-FREE' FLYING

People will not have to give up flying as fuel will be greener in the future, Boris Johnson has promised.

Ministers are aiming for 10 per cent of aviation fuel to come from sustainable sources by 2030, backed with £180million in funding. This sustainable aviation fuel (SAF) will be made from materials such as everyday household waste, flue gases from industry, carbon captured from the atmosphere and excess electricity.

SAF produces 70 per cent fewer carbon emissions than traditional jet fuel. The Prime Minister dismissed the idea that 'going green' has to be 'inextricably bound up with a sense that we have to sacrifice the things we love'.

He said that by the middle of the century people will be able to fly 'guilt-free' because 'our planes will be zero emission' thanks to advances in fuel technology.

ELECTRIC CARS

Ministers have pledged nearly £1billion in support for the move to electric cars. The UK plans to end the sale of new petrol and diesel vehicles by 2030. There will be an extra £350million to support the electrification of UK vehicles and their supply chains, and another £620million for targeted electric vehicle grants and infrastructure.

Boris Johnson pumped out 21 tonnes of CO2 using tycoon's private jet

  Boris Johnson pumped out 21 tonnes of CO2 using tycoon's private jet The prime minister travelled more than 1,200 miles on JCB tycoon Lord Bamford's jet in the fortnight leading up to May's local elections.The prime minister travelled more than 1,200 miles on JCB tycoon Lord Bamford's jet in the fortnight leading up to May's local elections.

( © Provided by Daily Mail (

Manufacturers must sell a certain percentage of zero-emission cars and vans from 2024 under the UK's plan to reach net zero. There will be a consultation next year on how many zero-emission vehicles will need to be sold each year and how it will be enforced. Boris Johnson vowed that in the future 'our cars will be electric, gliding silently around our cities'.

TREBLE THE TREES

Britain will plant more trees and restore peatland to capture carbon emissions under the plan. The new green strategy pledges a £124million boost to the £640million Nature for Climate Fund. Ministers have already committed to restoring approximately 280,000 hectares of peat in England by 2050.

They are also pledging to treble the rate of planting of trees so that at least 30,000 hectares of woodland are created a year across the UK by the end of this parliament. It follows the Daily Mail's Be A Tree Angel campaign to help plant trees.

EAT LESS MEAT

The UK wants to become a world leader in the production of 'alternative proteins' as part of a global push to eat less meat, the strategy says.

While the document did not contain proposals for a 'meat tax', there was a prediction that people will naturally cut down.

The strategy suggests non-meat products could soon be a boom industry. While this will take time, it will 'align with consumer dietary trends'.

It also predicts that this increase could then grow 'to become another great British food export that competes internationally'.

ALEX BRUMMER: No wonder Rishi Sunak's on red alert for Boris Johnson's new green nirvana

Amid mounting apprehension about the terrifying cost of hitting the Government's net zero carbon target and replacing our gas boilers with eco-friendly heat pumps, Boris Johnson is doing his utmost to reassure us.

Insulate Britain: Furious motorist wishes cancer on protester’s family as eco-warriors block London roads

  Insulate Britain: Furious motorist wishes cancer on protester’s family as eco-warriors block London roads Insulate Britain: Furious motorist wishes cancer on protester’s family as eco-warriors block London roads -The eco-warriors previously blocked major roads, including the M25 and M4, for 14 days over a five-week campaign before pausing their demonstrations almost two weeks ago.

In typically florid language, the Prime Minister insists that 'the Boiler Police are not going to kick your door in with their sandal-clad feet and seize – at carrot point – your trusty old combi'.

Yet he is undoubtedly on a mission ahead of next week's Cop26 summit – and Chancellor Rishi Sunak's attempt to inject an air of economic reality into the hugely ambitious climate change programme is hitting an immovable force. Sound financial sense is being swept aside.

( © Provided by Daily Mail (

In his rush to decarbonise, Johnson appears to be unmoved by the essential needs of manufacturing and households for secure energy supplies. Wilfully ignored is the fact that much of the technology and infrastructure required for a carbon-free Britain isn't up to the job, is untested or has yet to be developed.

What is more, at a time when global markets for energy sources such as gas and oil are in turmoil, a Treasury study has revealed, incredibly, that the investment required to decarbonise Britain has never fully been costed.

Little wonder Rishi Sunak is so fearful. The Treasury warns bluntly that Britain's race to net zero ahead of rival countries could make us increasingly uncompetitive.

And however Bunterish Boris Johnson might be, costs will increase because of the Government's eco-policies – a fact missing from the script yesterday as he sought to whip up excitement among potential investors at a global summit in London.

The Prime Minister admitted this week that 'the UK is deciding to make a big bet on green technology'. But the gamble is in danger of going horribly wrong.

In all manner of areas, red warning lights are flashing. Take the plan to ban all new gas boilers by 2035. Householders are offered grants of £5,000 each over the next three years to rip out gas boilers and install heat pumps.

Yet not only is this sum a fraction of the cost which is nearer £20,000, the total grant money covers just 90,000 of Britain's 25million households – and heat pumps don't work in many homes anyway.

Buying a holiday let: Can you get more for your money in the autumn?

  Buying a holiday let: Can you get more for your money in the autumn? Experts say holiday lets can be snapped up for less in November and December. We show you what you can get for your budget, with coastal homes from as little as £85,000.Many Britons had to ditch foreign holidays due to the pandemic and instead descended on mass to the UK's tourist hotspots.

( © Provided by Daily Mail (

Likewise, by banning new petrol and diesel cars by 2030, the UK will need more than ten times the 25,000 existing charging points according to the Competition and Markets Authority.

It is an extraordinary, difficult and ambitious target to meet. And, in the meantime, battery range is a genuine problem for vast numbers of drivers while the Treasury faces a £40billion black hole from the loss of vehicle tax once we are finally all electric.

Of course the world needs to change to counter global warming, and Rishi Sunak is fully aware of the fact. Nor is it true that he lacks the ability to back bold, visionary ideas – he is behind the freeport development on Teesside, for instance, where international businesses will be encouraged to invest through tax breaks.

But the Chancellor recognises only too well that reaching the green nirvana imagined by Johnson at such breakneck speed could have terrible consequences. For the journey risks being interrupted by power blackouts, the elderly freezing in their homes and budgetary mayhem.

This rush towards decarbonising Britain could not come at a worse moment given current global circumstances. Since May, the price of traditional energy resources has soared by 95 per cent.

Britain has come so close to running out of power that the National Grid – responsible for making sure the nation has adequate energy – invited the biggest electricity supplier EDF to switch back on its coal generator at West Burton in Nottinghamshire where it is almost certainly burning German or Russian-imported coal.

Elsewhere in the world the US, which has abundant oil and gas resources and reserves, has seen petrol prices surge to $3 (£2.18) an American gallon – the highest level for several years.

Blackouts have hit the two biggest emerging market nations, India and China, while much of continental Europe has been reminded sharply how dependent it is on remaining friends with Vladimir Putin in order to keep Russian exports of natural gas to the continent flowing.

Normally, as the northern hemisphere heads into winter, oil, gas and coal stocks are at record levels. But this year, they have fallen way below where they should be, while coal stocks in India and China – huge consumers of the black stuff – are also right down.

Compared to so many other countries, Britain is doubly disadvantaged by its headlong rush to decarbonise. The UK floats on a sea of undeveloped fossil fuel resources, from clean coal in Cumbria to the Jackdaw oil and gas field more than 150 miles east of Aberdeen, and huge shale gas reserves around Blackpool.

But, as we relentlessly pursue the target of a carbon-free Britain by 2050, these resources are firmly locked up even though the country has virtually no natural gas storage capacity.

( © Provided by Daily Mail (

In seeking to claim the ethical high ground, the UK is placing its whole economy at risk while our competitors adopt a much more realistic approach.

To take one example, in this country less than 2 per cent of our energy was sourced from coal last year. Compare that with Germany where the figure was nearer 25 per cent.

It's true that President Joe Biden is adopting bolder carbon emission standards. But, from the coalfields of West Virginia to fracking operations in West Texas, fossil fuels are still the main driving force of American power production.

As inspiring as it may be that, when the wind blows, more than 50 per cent of Britain's energy is now provided by offshore windfarms, we shouldn't kid ourselves that this places us at the forefront of this technology.

Many of the pylons are fabricated in China and some of the more sophisticated technologies provided by Denmark. We are still waiting for the UK's manufacturing revolution for clean energy to emerge. And we are already well behind on car-battery factories – Germany has six or so under construction against one gigaplant in the UK.

There was great excitement when British industrial giant Ineos, founded and run by billionaire Sir Jim Ratcliffe, announced he was getting full-square behind the hydrogen-fuel revolution, believing it to be the power source of the future for heavy trucks and perhaps locomotives.

The only problem is that he has chosen to build the first multi-billion hydrogen plants in Germany, Norway and Belgium rather than the UK.

While garage forecourts in London and other big cities are seeking to address the switch to electrified vehicles by removing traditional fuel pumps and replacing them with charging stations, this is leading to its own short-term problem.

With each petrol pump removed, petrol and diesel storage capacity is also diminished – and we saw recently what happens when we don't have enough fuel available at petrol stations.

recently, my own household experienced an example of how ill-thought-out green policies cause economic harm. The repair firm which has kept our German-built washer and dryer running for 14 years arrived for a regular service call.

The engineer advised us to buy new machines, saying his firm would no longer be able to operate in London because its diesel vehicles and the new £12.50 low-emissions charging zone made it financially unworkable.

The mission to decarbonise Britain and place climate change at the heart of the nation's agenda is certainly a noble cause. But Boris Johnson has to balance his thinking with realpolitik.

Other advanced nations want to decarbonise too but recognise that, during the transformation, it is critical to ensure that there is no interruption to supplies which would harm economic security.

Sunak and the Treasury are absolutely right to draw attention to the potential costs of pursuing the Prime Minister's green agenda. The transition to mass market eco-technologies is fantastically complicated and many of the proposed solutions are far from ready.

In rushing the fences, Britain is in danger of recklessly compromising this country's growth and financial stability.

Read more

Buying a holiday let: Can you get more for your money in the autumn? .
Experts say holiday lets can be snapped up for less in November and December. We show you what you can get for your budget, with coastal homes from as little as £85,000.Many Britons had to ditch foreign holidays due to the pandemic and instead descended on mass to the UK's tourist hotspots.

usr: 5
This is interesting!