Leeds Building Society adopts Hometrack’s EPC data solution

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  • As its first customer, Leeds Building Society will use Hometrack’s new live EPC data solution to make faster, safer and more cost-effective risk decisions. 
  • Part of Hometrack’s Property Risk Hub, the EPC data solution is the most comprehensive set of up-to-date Energy Performance Certificate (EPC) data on the market.
  • Hometrack’s EPC data will be used to influence Leeds Building Society’s underwriting against energy efficiency, broader ESG and ultimately LTV criteria considerations.

Leeds Building Society has become the first customer of Hometrack’s new EPC data solution  – providing the most comprehensive set of up-to-date EPC data available in the market. 

Accessing the latest EPC rating for every property in England, Wales & Northern Ireland and providing instant access to the actual EPC certificates, the solution is available as part of Hometrack’s Property Risk Hub, where it can be combined with other property-related data attributes and risk criteria to enable lenders to make an instant decision, enabling a faster time to yes.

With a growing focus on the energy performance of properties as the government pushes ahead to meet its net zero targets – Hometrack believes that energy performance data and automated decisioning will play an important and evolving role for lenders when it comes to origination and valuations in the years to come. 

Commenting on the launch, George Robbins, VP of Commercial at Hometrack said: “We’re excited to partner with Leeds Building Society to expand their digital capability to help inform decision-making at origination. It’s wonderful to see Leeds Building Society leading the way when it comes to using EPC data to enable safe and cost-effective risk-based decisions and we look forward to working with them to help drive a faster time to ‘yes’ for consumers.”

Andy Mellor, Chief Risk Officer of Leeds Building Society comments: ‘’It’s great that Hometrack is able to support LBS to continue our journey to further streamline the lending experience with real time EPC data (where available), enabling better and faster decisions for the lender and customer.”

6 July 2023
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