Precise Mortgages, part of the OSB Group, a leading specialty lender, today resumed energy efficient retrofit purchases to expand its product range. This range helps support brokers in enabling them to purchase clients looking to improve their properties as part of a maintenance program, with additional incentives for upgrades that improve energy efficiency ratings. The scope includes three exit solutions that offer rate incentives based on the type of refurbishment work performed.
This range is designed to help client brokers looking to improve the standards of their assets and provide better quality and improved energy efficient homes to their tenants.
· Standard Refurbishment – Refurbishment work to make the accommodation more livable, such as installing a new kitchen or bathroom.Prices from 5.79%
· Energy Efficiency Renovations – Refurbishments that include energy efficiency elements such as new boiler installation and double glazing at a 5.69% fee.
EPC C+ Refurbishment – Refurbishment of a property that already has an EPC rating of C or above or has been given a C rating as a result of remedial work, with rates starting at 5.59%
Adrian Moloney, Group Brokerage Director, OSB Group, said: Reduce energy costs. ”
“While we are waiting for a clear change of direction from the government regarding the EPC rating, we do know that there will likely be further implications for the rental sector in terms of energy efficiency. Based on the findings of our Landlord Leaders Report*: 80% of professional landlords say they have already invested or plan to invest in energy efficiency improvements Engaging brokers and their clients with products that help fund these improvements Support is important to us as a leading specialty lender.”
