Retrofit and
Green Home Improvements

Making eco-friendly home improvements – known as ‘retrofits’ – to your property brings multiple benefits along with a reduction in energy bills. For example, upgrading your glazing and improving your insulation can reduce traffic and neighbourhood noise, making your home more peaceful.

An increasing number of lenders are offering incentives such as reduced rates or a cashback if you take out a green mortgage to make your property more energy efficient. Retired homeowners can also take advantage of green lifetime mortgages, which offer similar rewards if you are releasing equity in your property to boost its green credentials through home improvements.

There are a range of energy improvements and technologies that homeowners can consider, including:

Reduce your demand for energy

1. Cavity wall insulation

2. Loft insulation

3. Solid wall insulation

4. Floor insulation

5. Draught proofing

6. Double or triple glazing

7. Low energy use appliances

On-site generation

8. Solar PV

9. Solar thermal

10. Air source seat pumps

11. Ground source heat pumps

12. Mechanical ventilation with heat recovery (MVHR)

13. Biomass boiler

Smart technology

14. Smart meters

15. Smart thermostats

16. Battery Storage

17. Thermal storage

18. Electric vehicle charge points

 

To access green finance, however, any changes made must improve your homes’ energy performance certificate (EPC), which rates your home’s energy efficiency on a scale of A (very efficient) to G (least efficient).

Why now?

Rising energy costs are placing increasing pressure on household budgets, with 79% of consumers saying such costs were making them think more about the importance of energy efficiency, according to Santander research. For those on fixed incomes such homeowners at retirement age who are receiving a pension, energy improvements could provide greater certainty over future energy costs. Plus, there’s an opportunity to boost the value of your home by up to 20% according to Knight Frank research. Analysis showed improving a property’s EPC rating from E to C saw an average uplift of 8.8%, and from F to G an additional 19.6%.

How can I find out more?

If you’re interested in finding out more about how these improvements could benefit your home, speak to one of our expert team. We can help find the right deal for you in this expanding market, with access to over 200 lenders.
Contact us to receive specialist financial advice.

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Mortgage Advice. The choice of interest rate and product terms will depend on your circumstances and the amount of the mortgage. Before you make a mortgage application, we will carry out a full review to establish your needs and preferences and if you meet the criteria, we will give advice and make a recommendation to you. We do charge a fee for mortgage advice. All mortgages are subject to status. Please note that all products show an indicative rate only and may not be suitable for you. You must be 18 or over.

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Knight Frank Finance LLP is a limited liability partnership registered in England and Wales with registered number OC322399. The principal office of Knight Frank Finance LLP is situated at 55 Baker Street, London W1U 8AN. Knight Frank Finance LLP is authorised and regulated by the Financial Conduct Authority under Financial Services Register number 459093.