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Offa launches EPIC product

Jake Carter

May 14, 2021

launch products

Offa has launched an Energy Performance Improvement Capital (EPIC) offering.

This is a short-term finance deal designed specifically for buy-to-let (BTL) properties with an energy performance rating of A to C and offers a reduced rate.

This BTL bridging finance aims to encourage landlords to invest in energy-efficient properties and increase the proportion of A-C rated properties in the private rented sector (PRS).

Rates start from 0.49% for purchase and re-bridge and include free valuations.

Bilal Ahmed, chief executive of Offa, said: “Landlords have made great strides in adding more energy efficient homes to the PRS – or upgrading properties to C or above standard – over the past decade.

“However, more needs to be done as the government moves towards its net zero carbon target by 2050 and landlords have a key role to play in that.

“EPIC is available up to 75% LTV with maximum terms of 12 months and has been developed for homes with an energy rating of C or above.

“It will be an incentive for landlords to add energy efficient homes to the sector, benefitting tenants through lower energy bills and the environment through reduced consumption.

“If landlords are to improve the energy efficiency of their BTL stock, they may need the short-term finance to enable them to do so.

“Making sure there are attractive options, whilst recognising the efforts to upgrade existing properties, is an important element of this.”


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