0:02 AM, 8th February 2024, About 3 weeks ago 4
As rental costs continue to soar, most UK renters are urging their landlords to invest in green home improvements, according to a new report from NatWest.
The report, based on the Greener Homes Attitudes Tracker, shows that 75% of renters who anticipate a rise in their monthly payments in the next year want their landlords to improve the sustainability of their properties.
This could include installing better insulation, solar panels, or smart meters.
NatWest’s head of mortgages, Lloyd Cochrane, said: “Cost and disruption continue to be major barriers for homeowners looking to make sustainable changes to their homes.
“We’ve also seen from latest data that renters are increasingly calling for landlords to address the energy efficiency of their properties.”
The report also reveals that rental properties are generally less energy efficient than owner-occupied homes, with lower rates of insulation for tanks, pipes, and walls.
This means that renters are paying more for their energy bills, which have increased significantly in the past year.
The report also highlights the growing demand for green features among homebuyers, with one in five homeowners planning to make sustainable upgrades to their property in the next 12 months.
However, many homeowners are deterred by the high cost and inconvenience of such projects.
The findings also reveal that more than half of respondents feel that the Government is moving too slowly to support the shift to renewable sources of energy.
The most popular green lifestyle choices among households include using public transport and recycling clothing.
London leads the way in terms of plans for solar panels, while other regions lag behind.