“The reintroduction of our EPC A-C products provides advisers and landlord borrowers with a clear pricing benefit when financing properties which already meet higher energy-efficiency standards”
– Steve Cox – Fleet Mortgages
Fleet Mortgages has reintroduced its EPC A-C fixed-rate products and cut buy-to-let mortgage rates across its wider range, offering landlords a pricing incentive for financing properties that already meet higher energy-efficiency standards.
The buy-to-let specialist lender has brought back both two-year and five-year EPC A-C products, available at 75% LTV with a 3% fee. The two-year standard and limited company product is priced at 4.39%, with the five-year equivalent at 5.04%. For HMO borrowers, the two-year product is available at 4.69% and the five-year at 5.29%. All EPC A-C products are priced 10 basis points below Fleet’s equivalent standard, limited company, and HMO products at the same fee level.
Alongside the reintroduction, Fleet has also reduced rates by 10 basis points across its existing standard, limited company, and HMO five-year fixed-rate products up to 75% LTV. Standard and limited company products are now available at 5.14%, with the HMO product at 5.39%, all carrying a 3% fee.
Fleet also confirmed that both its EPC A-C product range and its £1,000 Green Cashback initiative have achieved alignment with the Green Home Finance Principles (GHFP), an industry-led framework designed to encourage financing of energy-efficient homes and property improvements. The cashback feature allows landlord borrowers to access funds for improving a property’s EPC rating to A-C during the fixed term of their mortgage.
“The reintroduction of our EPC A-C products provides advisers and landlord borrowers with a clear pricing benefit when financing properties which already meet higher energy-efficiency standards,” said Steve Cox, chief commercial officer at Fleet Mortgages.
“At the same time, we have reduced rates across our wider five-year fixed-rate range in order to ensure advisers continue to have access to competitive options for their landlord clients.
“We know many landlords are focused on improving the quality and energy efficiency of their portfolios, in order to meet their future responsibilities and targets in this area. That can be purchasing properties which have already achieved higher EPC ratings or investing in improvements to existing stock within portfolios. Our proposition supports both approaches.
“We are also pleased that both our EPC A-C products and Green Cashback initiative have achieved accreditation under the Green Home Finance Principles. This provides further recognition of our commitment to supporting landlords who are investing in energy-efficient properties and making improvements which can deliver long-term benefits for their tenants.”
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