LendInvest launches green finance initiative for bridge-to-let borrowers

LendInvest has launched its first green finance initiative to increase sustainable property improvements.

The non-bank property lender’s bridge-to-let borrowers are now eligible to benefit from a cashback when they improve the EPC (energy performance certificate) rating of a property during the term of their loan. 

Borrowers can save up to £600 on every LendInvest bridge-to-let loan, with the final amount saved dependent on the extent to which they improved their EPC rating.

If borrowers manage to increase their rating from C — or below — to an A, they will receive the full amount. 

Borrowers that improve their property’s rating from below a C to either a C or B, will receive £200 or £400 respectively.

The cashback is netted against the loan redemption amount at the end of the term. 

The initiative represents the first in a series of planned product innovations that LendInvest intends to launch in order to positively impact the environment.

Rod Lockhart, chief executive officer at LendInvest (pictured above), said: “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.

“Whether it’s the products we bring to market, or the way that they are made available to borrowers and brokers, thinking differently and innovatively is at the heart of how LendInvest works.”

Rod added that the lender would be looking to extend this initiative across its product range in the near future.

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