The Energy Saving Trust, BRE, the Nationwide Building Society and other building and finance firms are working together on a project called LENDERS which aims to show that more accurate estimates of energy costs for a home would mean banks and building societies can more accurately assess a mortgage borrower's ability to afford mortgage repayments. In an interview with BBC Radio 4's Today programme, Mr Brown said: "We have got to get it right in this country because we can't just rely on what is happening outside our borders.
The Energy Saving Trust, BRE, the Nationwide Building Society and other building and finance firms are working together on a project called LENDERS which aims to show that more accurate estimates of energy costs for a home would mean banks and building societies can more accurately assess a mortgage borrower's ability to afford mortgage repayments. The lower energy costs of energy-efficient homes should mean those customers can afford larger mortgage repayments.