Landbay, the buy-to-let lender, has published a blog on its website calling for a green future for the building sector. The lender is working towards a more environmentally future alongside the Financial Conduct Authority (FCA) and government.
With the government working towards more rental properties upgrading their EPC (Energy Performance Certificate) by 2030, Landbay’s own green mortgage range is designed to encourage landlords to play their part in a greener future.
Landbay stated in a blog on its website: “Meanwhile, the building sector is going to have to commit not only to building more energy-efficient homes, without which the long term effectiveness of an eco-led future is damaged before it starts,”
“Green issues are dominating the news agenda as Covid begins to fade and interest among consumers is growing and lenders are responding to the growing interest.
“Green mortgages provide landlords with the means to meet tomorrow’s challenges by helping to improve existing property portfolios and being more selective when investing in energy-efficient housing for new purchases.
“Advisers have a major role to play in educating landlords that green mortgages will not only help to improve the quality of tomorrow’s rental housing stock but will also make a positive impact on their future profitability.”
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In June, Landbay launched its green mortgage range, offering rates up to 0.1% lower for properties with qualifying energy ratings. These green rates are only for properties that have been registered for at least 24 months with an energy performance certificate (EPC) rating of C or above.