Fleet Mortgages has reintroduced two- and five-year fixed-rate EPC A-C products and reduced rates across its wider buy-to-let range.
The buy-to-let specialist lender said the EPC A-C products are available to landlords purchasing or remortgaging properties with an energy performance certificate rating between A and C.
The products are available up to 75% LTV with a 3% fee.
The two-year standard and limited company EPC A-C product is priced at 4.39%, while the five-year version is available at 5.04%. The HMO EPC A-C two-year product is priced at 4.69%, with the five-year product at 5.29%.
Fleet said all EPC A-C products are priced 10 basis points lower than its equivalent standard, limited company and HMO 3% fee products.
The lender said its EPC A-C product range and £1,000 Green Cashback feature have now achieved alignment to the Green Home Finance Principles, an industry-led framework designed to support the financing of energy-efficient homes and property improvements.
Fleet’s cashback initiative allows landlord borrowers to secure money for improving the EPC rating of their property to A-C during the fixed term of their mortgage.
The lender said the return of the EPC A-C products reflected continued demand from landlords seeking finance for more energy-efficient properties, while rewarding borrowers who had achieved those standards with lower pricing.
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.
The standard and limited company products are now available at 5.14%, while the HMO product is available at 5.39%. All carry a 3% fee.
Steve Cox (pictured), chief commercial officer at Fleet Mortgages, said: “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.
“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.”
