Pepper Money offers rental borrowers a free energy efficiency survey, which provides an EPC certificate as well as an action plan on how to improve that rating.
This offer is available to all current Pepper Money customers who have a rental mortgage in their name. This will exclude those who purchased BTL property through a corporate structure.
This follows a similar initiative in February for Pepper’s residential customers. Pepper says this led to hundreds of customers claiming this free survey and EPC certificate.
Pepper said the move is part of its commitment to environmental, social and governance (ESG) focused lending. This saw Pepper improve its criteria for removing restrictions around properties with solar panels in January. It also launched a partnership with Ecologi last year and will provide ongoing financial support to the organization to fund its tree planting and carbon reduction activities.
Laurence Morey, CEO of Pepper Money, says: “In the years to come, rental landlords will be responsible for ensuring their properties meet a minimum EPC rating of C and we are really excited to be able to launch this initiative. who offers them help to achieve this.