Halifax announces 'big move' coming into force next week that is a 'game changer' for homeowners

manchestereveningnews.co.uk:

Halifax has announced a 'big move' coming into play from next week that is said to be a 'game changer' for homeowners. The major bank unveiled today (December 6) that starting from Tuesday (December 10), it will be using a property’s Energy Performance Certificate (EPC) rating in its affordability calculations.

Halifax says the move will 'better reflect' the impact of household energy bills, providing a 'more tailored view' of the cost of living in each home.

It will also encourage homeowners to improve energy efficiency while making properties 'more affordable' to own. Halifax announced: “We are now able to better reflect the impact of home energy costs, and some of the financial benefits of more energy efficient homes.

We continue to support customers looking to improve the energy efficiency of their properties, with our Green Living Reward cashback proposition and our partnerships with heat pump, solar panel & insulation installers.” READ MORE: Warning issued over two Christmas tree light settings that can 'hike your energy bills' in December The lender added: “Within our affordability model, assumed ‘cost of living’ values are already incorporated, which include energy costs.