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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.”


Skandia warning over taxfree cash

Skandia is warning that advisers must check if clients consolidating occupational pension schemes are entitled to more than 25 per cent tax-free cash before initiating a pension transfer.Any client who was a member of an occupational scheme before A-Day may be entitled to more than 25 per cent taxfree cash from this scheme. If a […]

Reit fund sets the Standard

Standard Life Investments has launched two funds – one onshore and one offshore – that invest globally in Reits and other property-related equities.


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