Foundation Home Loans has updated its buy-to-let criteria in response to new energy performance certificate (EPC) regulation which came into effect on April 1.
Properties registered with Foundation Home Loans must meet the minimum EPC standard, a rating between A and E.
Those that fall below that standard need to improve energy efficiency levels and get rated again.
Jeff Knight (pictured), marketing director of Foundation Home Loans, said: “Maintaining our adaptable approach is crucial. Considering these new regulations, we are refining our criteria to ensure the buying process is as straightforward as possible.”
Foundation Home Loans is a specialist lender, available only through intermediaries and designed for clients with more complex needs. It has also now launched its residential product range in addition to its established buy-to-let proposition.
The change applies to both purchases and remortgages.