Fleet Mortgages has reintroduced its EPC A-C fixed-rate products for landlords purchasing or remortgaging energy-efficient properties, while also cutting rates across its broader buy-to-let mortgage range.
The buy-to-let lender has brought back both two-year and five-year EPC A-C products, available at 75% loan-to-value (LTV) with a 3% fee. The two-year standard and limited company product is priced at 4.39%, while the five-year equivalent comes in at 5.04%. For HMO properties, the two-year rate is 4.69%, with the five-year rate at 5.29%.
Across all variants, EPC A-C products are priced 10bps lower than Fleet's equivalent standard, limited company, and HMO products at the same fee level, giving landlords with higher-rated properties a tangible pricing advantage.
Steve Cox, chief commercial officer at Fleet Mortgages (pictured), 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."
Alongside the product relaunch, Fleet has reduced rates by 10bps across its existing standard, limited company, and HMO five-year fixed-rate products up to 75% LTV. Standard and limited company options are now available at 5.14%, with HMO products 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 product have achieved alignment with the Green Home Finance Principles (GHFP), an industry-led framework designed to support the financing of energy-efficient homes and property improvements. The cashback initiative allows landlord borrowers to access funds for improving a property's EPC rating to an A-C level during their fixed-term mortgage.
Cox noted that landlord appetite for energy-efficient property finance was a key driver behind the reintroduction.
"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.
Cox concluded, "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."
