Property Valuation: Energy Efficiency in Mortgage Loans.
New regulations aim to ensure that a home's energy value is considered when applying for a mortgage. This allows citizens to expect a fairer property valuation that accounts for savings from energy-efficient solutions, potentially influencing loan terms.
Key points
Banks and financial institutions must inform about the option to provide an energy report for a property when applying for a mortgage.
Appraisers will be required to consider information from energy reports when valuing properties, which may affect the final value.
Citizens will have the right to receive a free copy of their property's energy report from the creditor.
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