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Landbay launches green mortgage range

Jake Carter

June 21, 2021

Landbay has launched a range of green mortgages, incentivising energy efficient rental properties.

All green products offer a 0.1% or 0.05% reduction against their non-green counterparts, depending on the property’s energy rating.

By lowering rates in accordance with property Energy Performance Certificate (EPC) ratings, Landbay hopes to incentivise energy efficient rental properties as an attractive option for landlords.

Examples of the new rates include a 5-year fixed rate with an EPC A/B rating at 3.15% up to 65% loan-to-value (LTV), down from 3.25%, with a 1.5% fee.

A 5-year fixed rate with an EPC A/B rating at 3.25% up to 75% LTV, down from 3.35%, with a 1.5% fee.

Additionally, a 5-year fixed rate with an EPC C rating at 3.20% up to 65% LTV, down from 3.25%, with a 1.5% fee.

And a 5-year fixed rate with an EPC C rating at 3.30% up to 65% LTV, down from 3.35%, with a 1.5% fee.

All green rates are available to properties that have been registered for over 24 months with an EPC rating of C and above.

Paul Brett, managing director of intermediaries at Landbay, said: “Properties being let by landlords are obliged to have at least an E rated EPC.

“However, the government has said it wants as many as possible to be upgraded to band C or above by 2030.

“We hope our green mortgage range will go some way to help achieving that goal and incentivise more landlords to consider adding energy efficient properties to their portfolio.”


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