Energy cap set to rise by more than 80%

The energy regulator has confirmed its price cap will almost double to £3,549, up from £1,971. Brokers are already seeing this filter through into tighter affordability assessments for mortgage applicants, and have been thinking more carefully about how to ensure frugal clients are not disadvantaged by lender affordability models that draw upon ONS data.

EPC certificates may also play a bigger role in purchasing decisions, as energy efficiency becomes a priority for buyers concerned about the cost of living this winter.