Despite the worrying headlines, Bellway Homes says now is the ideal time to buy as its new build homes can save buyers up to £2,600 per year on energy bills.
97 per cent of homes currently being built by Bellway will boast an Energy Performance Certificate (EPC) rating of B or above, in comparison to just 3.1 per cent of old homes. The top two EPC ratings translate to an average current saving of over £200 per month on energy bills for new homes compared to old homes with a rating of C or below (figures based on Home Builders Federation’s Watt a Save report).
And with the Government’s energy price guarantee due to rise by 20 per cent in April 2023, the energy savings available to new home buyers will leap by a similar amount.
Melanie Smith, Yorkshire’s sales director, said: “We recently launched Greener Way – an energy efficiency campaign aimed at putting buyers and the planet first. Amazingly a Bellway new build home will help the average family reduce their carbon footprint by 2.76 tonnes per year.”
“In more practical terms, and bearing in mind just how hard the cost-of-living crisis is hitting so many households, Bellway buyers can expect to save over £2,500 a year on energy bills alone. That’s the equivalent of filling a family car two or three times a month or even having a nice summer holiday abroad.”
The good news doesn’t stop there. The Stamp Duty changes that came in late last year can save buyers thousands. This is especially true for first-time buyers who can save up to £8,750 on stamp duty due to homes up to £425,000 being exempt from the tax. Meanwhile, a number of lenders have recently cut interest rates, which makes for an even brighter picture for buyers.
In addition, Bellway is currently offering buyers £1,000 per month mortgage support for two years for homes reserved before March 31st, 2023.