What is a Green Mortgage?
You may have heard the term Green Mortgage in the media, especially as the proposed EPC changes may come into force in the not-to-distant future, but there are things that Landlords and property investors need to be aware of.
Green mortgages can offer advantages for investors who take the long-term view once they can confirm that the property meets the proposed EPC ratings or have renovated a property to meet guidelines. ‘Green’ mortgage products often offer a favourable rate or a reduction in the arrangement fee.
So, what can Green Mortgages be used for?
At Sterling, we have access to Lenders who provide Green mortgages for Landlords looking to source energy-efficient property that requires little or no refurbishment or are refinancing an existing property within their portfolio. Property in this bracket usually meets the current EPC rating of A – C
Green mortgages can also be used for property that needs complete renovation to raise energy efficiency ratings and can include work to add solar panels, window upgrades or replacements, a new boiler, air source heat pumps, and electric charging points.
How can Sterling Commercial Finance Help?
At Sterling Commercial Finance, we’ve been helping businesses access funding for over 20 years. Get in touch with the team today to see how we can help your business.