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Government in talks with lenders over green mortgages

The Government has revealed that ministers are in discussion with the financial services industry about providing green mortgages.

It hopes such moves would help make the improvements suggested in energy performance certificates, which will form part of Home Information Packs.

It is the latest call from Westminster for the mortgage market to help the environment by proving deals that encourage demand for energy-efficient homes.

A new consultation has also been published today to promote energy efficiency by proposing estate agents include EPCs with their properties.

The consultation also sets out that sellers, for an initial transitional period, will be able to market their home as soon as an EPC and key legal documents are provided as long as searches and leasehold documents have been commissioned. These transitional arrangements will be reviewed after six months.

Communities Secretary Ruth Kelly says: “This is an important opportunity to improve the buying and selling process for consumers. We want to promote a greener housing market for consumers and EPCs can play a key part in this. By providing more information on the energy efficiency of homes, we can help consumers make more informed choices about the homes they buy and their impact on climate change.”

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