This range enables borrowers with properties that have an EPC rating of C or above to access reduced rates and fees. For standard properties rates start at 2.65%, for small HMOs at 2.91%, and for large HMOs, MUFBs and holiday lets at 3.49%.
The lender hopes that the EPiC range will be an incentive for borrowers to increase environmental efficiency. A further 10bps reduction will be given to those who meet the criteria that are transitioning from LendInvest’s bridging or development ranges.
LendInvest have also launched a new seven year fixed rate product within the EPiC range, with rates starting at 2.88% for 70% LTV.
Andy Virgo, Sales Director at LendInvest, said: “The launch of this product range is just the next step in the business’ strategy to reward and support borrowers who take their environmental responsibility seriously.
As a lender that has offered green initiatives for a number of years now, we hope to broaden this offering in the future, as we continuously seek to work with funding partners that share our ethos.”
Original article featured here…
LendInvest launched a new product range, for holiday lets and short-term properties. The lender has also made a series of reductions to its standard property range.