LendInvest, the London based buy to let finance and bridging finance platform, has revealed plans for new product launches next year. The lender will have a drive towards energy efficiency. which will be reflected by the whole industry.
Earlier this year, the lender launched the EPiC catalogue, a new product range for eco-friendly properties. 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%.
LendInvest will continue its eco-friendly efforts by providing incentives for landlords to invest in green properties, and also giving support to those developers and investors who are looking to upgrade properties.
Leanna Smith, sales director at LendInvest, said: “[We hope] to continue expanding our place in the market with new products launching early in the year, and making accessing all of our products much easier through technology and growing out the portal,” Smith said in a blog on LendInvest’s website.
“Despite not going into a full lockdown since early 2020, Covid will continue to loom large over the market as brokers, borrowers and homeowners continue to adapt.
“Around that though, much of the landscape will continue on the needs and trends of this year. Energy efficiency and green products will be on the top of the agenda for developers, bridging investors and landlords with Energy Performance Certificate ratings needing to be a C in all new tenancies by 2025, and in all tenancies by 2028.
“We will continue to operate in this space by incentivising landlords to invest in green properties and supporting developers and refurbishment investors to continue upgrading their properties.”
“Supporting young professionals and first-time buyers next year will be key,” she added. “This includes houses in multiple occupation with good amenities and affordable first homes.
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Earlier this month, LendInvest refreshed its bridging product range, with LTVs up to 75% and rates starting at 0.49%.