2 out of 5 of properties 'rated average for energy efficiency' ? buy to let mortgages

27 January 2009

A new survey of the energy efficiency of properties has revealed that less than half of homes are rated as average for their performance.

The research, published by Halifax Estate Agents and using data supplied by Legal Marketing Services, found that two out of five homes were identified as average for their efficiency, with a "tiny proportion" of one per cent achieving the highest ranking.

Findings were based on the properties' energy performance certificates (EPCs), which by law must be provided by landlords to potential tenants and be included in sellers' home information packs.

Of all the different types of property, flats were identified as the most energy-efficient in the survey.

Martin Ellis, chief economist at Halifax Estate Agents, said the findings may prompt some people to make green home improvements.

He commented: "For example, better loft and cavity insulation would raise the energy-efficiency rating of a home."

EPCs were made obligatory for buy to let mortgages holders in Scotland recently.