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30 August 2006
The financial strain caused by high gas and electricity bills is leading people to carry out home improvements in a bid to curb their long-term expenditure, according to research from Halifax.
With the average householder paying out some £1,135 a year on these energy bills – which have increased enormously over the last couple of years – it comes as no surprise to find that a third of those surveyed has made improvements in order to save on fuel usage and therefore money.
Some 45 per cent had done this by fitting double glazing, which could knock as much as £30 off a yearly energy bill, while 41 per cent had installed loft insulation.
Jon Sykes, head of mainstream mortgage products at Halifax, said: "Making energy and fuel saving improvements could save householders hundreds of pounds a year. Energy savings will help to offset the rising cost of gas and electricity."
Fitting new boilers, draught proofing and fitting new radiators are among the other measures being used by householders to invest in a cheaper future energy-wise.
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