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Skipton BS earmarks £11m to help homeowners green their properties

  • 24/11/2022
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Skipton BS earmarks £11m to help homeowners green their properties
Skipton Building Society has allocated £11m to give its mortgage borrowers a free Energy Performance Certificate (EPC) plus report as the first step in making their homes greener.

The mutual has partnered with its subsidiary Vibrant to give borrowers the report which will inform them of their home’s rating and provide information on what they can do to make it more efficient and save on energy bills. 

This will give borrowers an insight into what their home’s potential EPC rating could be. It will also signpost them to funding to retrofit their homes and give access to registered tradespeople. 

Skipton will also offer landlords up to 10 free EPC plus reports for their portfolio even if they only have one mortgage with the lender. 


Home energy efficiency a ‘huge societal challenge’ 

Kris Brewster (pictured), interim chief commercial officer at Skipton, said home energy efficiency was a “huge societal challenge” and it was only right that the mutual reinvested its profits into improving this. 

He added: “We understand that making any upgrades to the home can be a significant financial undertaking. For that reason, the reports also include details of any government-funded schemes available through local authorities and installers that customers are eligible for. The qualifying funding can be used towards the recommended upgrade works listed within their bespoke EPC Plus report.” 

Brewster said that to have a healthy housing market, all properties needed support including the rental ones. 

He added: “We believe it’s only right that we help here too. We’ve taken the decision to also offer free EPC plus inspections and reports to our buy-to-let customers too.  Irrespective of if they only have one rental property mortgaged with Skipton, we will provide up to 10 free EPC plus assessments and reports for their property portfolios.  

“It is only through making such investments, that we will see positive change in the UK.” 

Daniel Kittow, managing director at Vibrant, added: “We are proud to be collaborating with Skipton Building Society to provide free EPC plus reports to Skipton mortgage customers.  

“As a leading supplier of EPCs and residential energy efficiency upgrades, we are committed to providing homeowners and buy-to-let landlords with the tools they need to improve their homes and reduce energy bills in the future.” 

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