LendInvest has announced the launch of a new product range that offers reduced rates and fees for environmentally friendly properties.
The platform says its new EPiC catalogue seeks to go beyond a simple reward for properties with an EPC rating of C or above by incentivising borrowers to refurbish and increase the environmental efficiency of their properties.
Reduced rates start at 2.65% for standard properties, 2.91% for small HMOs, and 3.49% for large HMOs, MUFBs and holiday lets.
LendInvest 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.
This launch coincides with the launch of 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 range 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.”