Leeds Building Society launches new tool to help members improve their energy performance

13 Sep, 2023

Leeds Building Society has announced the launch of a new online tool designed to help members monitor and manage their home energy usage, reduce their environmental impact, and save money.

The tool, developed in collaboration with Energy Saving Trust, offers users tangible solutions to promote energy efficiency and help residential borrowers and landlords to make improvements to the Energy Performance Certificate (EPC) rating of their home. 

Leeds Building Society was amongst the first lenders to factor in energy savings when assessing affordability, benefitting mortgage applicants choosing to move into greener homes. The assessment means that borrowers may be able to access increased affordability on the basis that their energy bills will be lower.

With pressure on landlords mounting, the launch of the tool will be welcomed by those concerned with the impact of the government’s EPC targets on their rental portfolio. Landlords will be offered tangible advice to help improve energy efficiency and meet new regulatory requirements.

Richard Rothwell, Commercial Development Manager at Leeds Building Society, said:

“At Leeds Building Society, we are committed to making a positive impact on the environment. Working in partnership with the Energy Savings Trust, we are proud to launch this new tool which will empower our members, providing them with the knowledge and resources to improve their home’s EPC rating.

“We hope that this tool will improve the EPC ratings across the UK’s housing stock, meaning that those looking to get onto, or move up, the property ladder can unlock better affordability and get the home they want.”

To access the online tool, users must input their postcode, when the home was built, how many people live there, and other information to help create a picture of energy consumption. The tool will then generate personalised advice and practical tips to save money and contribute to a greener planet.

For more information visit Home Energy Saving Tool | Home Page (leedsbuildingsociety.co.uk)