BTL lenders asking for EPC C or above?
9:56 AM, 2nd August 2022, 4 years ago
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Just a heads up for everyone – I’ve recently remortgaged to fixed rate products due to the continual increase of the Bank of England Base Rate and, no doubt more to come on the 4th of August!
In every instance, the mortgage lender has stipulated the EPC rating must be C or above in order to gain the new product.
I think this will be across the board with all mortgages now, soon or in the future, regardless of it not being a statutory requirement (as yet) to rent out our properties.
Has anyone else found this issue yet?
Ann
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7:37 PM, 7th August 2022, About 4 years ago
Reply to the comment left by Seething Landlord at 07/08/2022 – 09:15
Hi yes the database is the same one as for gas & oil boilers. If the model is in there you can select it the efficiency is reflected in the seasonal efficiency. If either a DEA cannot find the model (or does not look), & they input the heat pump with no model then the score will be adversely worse (4-8pts).