Coventry for Intermediaries has launched a range of buy to let (BTL) mortgages geared to low EPC ratings.
The products are available to BTL and BTL limited company borrowers and offer lower rates for properties with valid EPC ratings of A to C.
The society will verify the rating on the government’s register.
For new-build properties, landlords will need to provide a Predicted Energy Assessment (PEA).
Coventry Building Society – which operates Coventry for Intermediaries – has also lowered rates for existing BTL borrowers.
A spokesperson says: “By offering lower rates on properties with an EPC rating of A to C, we’re acknowledging sustainable choices that benefit both the environment and their bottom line.
“Our BTL range is already well established and trusted by brokers, and these new EPC-linked products build on that strength.
“We’re committed to giving landlords more options that not only support their financial goals but also promote better living conditions for tenants.”
This article is taken from Landlord Today