NatWest launches new ECP rating for property-owners

NatWest has introduced Energy Performance Certificate (EPC) rating into its digital mortgage hub.

The new feature will show customers up-to-date information about the EPC rating of their property.

Under UK law, every home must have an EPC when it is built, sold, or rented.

The certificate gives the property an energy efficiency rating from A or 100 (most efficient) to G or 0 (least efficient) and is valid for 10 years.

The move is part of the bank’s aim to have 50 per cent its mortgage book at or above EPC C or equivalent rating of C by 2030.

“We know customers are becoming increasingly conscious of energy efficiency in their home, but also acknowledge there is some way to go in terms of raising awareness," said Lloyd Cochrane, head of mortgages, NatWest. "We have developed this tool to help customers be more aware of their individual situation and we want to support them to take action in improving energy efficiency.

"With the cost of living increasing and more people working from home faced with rising energy bills, more needs to be done in raising awareness of what improving energy efficiency means for individual customers.”

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