Using a green finance initiative to promote a positive environmental impact
All of our Bridge-to-Let borrowers now have the opportunity to do something they’ve never been able to before.
We have launched a new incentive which means each borrower will be offered up to £600 cashback for improving the EPC rating (or Energy Efficiency Rating) of their investment property during the term of their loan.
This marks the start of something pretty exciting for us: the first in a series of planned product innovations which will enable our borrowers to have the most positive environmental impact they can during the course of doing business.
This initiative is understood to be the first of its kind in the specialist lending market and is easy to use and take advantage of:
Borrowers can save up to £600 on every Bridge-to-Let loan. The final amount saved depends on the extent to which they improve the EPC rating.
Borrowers that increase the rating from ‘C’, or below, to an ‘A’ will receive the full amount; borrowers that improve their property’s rating from below a ‘C’ to either ‘C’ or ‘B’ will receive £200 and £400 respectively.
It’s that simple.
Putting the environment first
Industry standards require landlords to achieve a minimum EPC rating of E on all rental stock. This green finance incentive reflects LendInvest’s ambitions to promote higher than average EPC ratings on the rental properties it backs.
Our Chief Executive, Rod Lockhart, says: “We’re excited to be among the very first lenders in the sector to be thinking about how we can encourage our borrowers to put the environment first. Every time we originate a loan, we’re helping our borrowers to have a positive impact on the environment and the communities in which they work. But there is always more we can do. By incentivising our borrowers to improve the EPC rating of their properties, we want to raise the bar and help the property sector improve the energy efficiency of buildings.”
Further details about this green incentive can be found in our Product Guide.