"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."
All LendInvest bridge-to-let borrowers are now eligible to benefit from a cashback when they improve the EPC rating (Energy Efficiency Rating) of a property during the term of their loan.
Borrowers can save up to £600 on every bridge-to-let loan. Borrowers that increase the rating from ‘C’ or below a ‘C’ to an ‘A’ will receive the full amount; borrowers that improve their property’s rating from below a ‘C’ to either ‘C’ or ‘B’ will receive £200 and £400 respectively. The cashback will be netted against the loan redemption amount at the end of the term.
This initiative is the first in a series of planned product innovations that LendInvest intends to launch to enable its borrowers to have the most positive environmental impact.
Rod Lockhart, CEO of LendInvest, said: “We’re hugely proud to be able to launch this innovative incentive. 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. As a responsible business that’s serious about its environmental and social obligations, we are excited to apply our instinct for innovation into green product offers like this. We’re really looking forward to extending this initiative right across our product range in the near future.”
