Mortgage Lending and the Transition to a Low Carbon Economy

In this discussion, Andrew Knight interviews Joe Webb from Kamma about the impact of technology and data on the mortgage lending sector, particularly related to climate sustainability and the transition to a low-carbon economy. They explore the results of a recent survey conducted on how mortgage lenders in the UK are addressing these challenges, focusing on aspects such as sustainability, data quality, and the evolving regulatory landscape. Joe emphasises the importance of better data in understanding properties' energy performance and the implications for lenders and surveyors. In this video, the following topics are covered:

• The significance of geospatial technology in mapping data
• The role of mortgage lenders in fostering climate-friendly products
• Survey findings on sustainability and climate transition in the UK mortgage market
• Challenges regarding data quality and consistency in reporting
• The importance of aligning with regulatory frameworks like PCAF and TCFD
• The disconnect between planning for decarbonization and actual measurable progress
• The evolving role of surveyors in property valuations and energy efficiency assessments
• The need for better data on retrofit costs and potential improvements in housing stock
• The impact of regulatory changes IFRS S2 on lending practices and risk assessment
• The challenges and opportunities associated with energy performance certificates (EPCs) and their influence on property value perception.

More information regarding the Tech Partner Programme and our partner Kamma can be found at www.rics.org/techpartner