Property finance platform LendInvest has announced the launch of a new product range that offers reduced rates and fees for environmentally friendly properties. The move is described as the firm’s latest push to support sustainable landlords and reduce the environmental impact of the built environment.
LendInvest’s new EPiC catalogue seeks to go beyond a reward for properties with an EPC rating of C or above by incentivizing borrowers to refurbish and increase the environmental efficiency of their properties.
Rates offered by LendInvest start at 2.65% for standard properties, 2.91% for small HMOs, and 3.49% for large HMOs, MUFBs and Holiday Lets. LendInvest’s EPiC range touches each area of LendInvest’s BTL suite, offering reduced rates for standard properties, HMOs, MUFBs, and holiday lets.
Additionally, LendInvest states that it will offer a further 10bps reduction for borrowers transitioning from one of LendInvest’s Bridge or Development products if the property also meets the relevant green criteria.
The launch coincides with the lender’s new seven-year fixed-rate product, starting at 2.88% for 70% LTV within the lender’s EPiC range.
Andy Virgo, Sales Director at LendInvest, said the launch of this product is just the next step in the business’ strategy to reward and support borrowers who take their environmental responsibility seriously.
“As a lender that has offered green initiatives for a number of years now, we hope to broaden this offering in the future, as we continuously seek to work with funding partners that share our ethos.”