Quantum Mortgages Details Green Mortgage Plans


Quantum Mortgages, which confirmed its launch plans late last year, has released details of its green mortgages.

The buy-to-let (BTL) specialist says that for properties with an Energy Performance Certificate (EPC) rating of A or B, borrowers will benefit from a reduced completion fee and pay rate.

Additionally, the maximum LTV will be increased by an additional 2%, resulting in a maximum LTV of 82%.

This 2% increase is also accessible on properties that do not meet this criterion, but where the owner has committed to improving the property to achieve this over time.

Quantum Mortgages Managing Director Jason Neale said: “The current range of green mortgages available from other lenders simply offer slightly reduced pay rates for properties that are already energy efficient, but offer no practical help for homeowners who want to improve the energy efficiency of their low EPC properties. .

“Cost is obviously a huge barrier to improving home energy efficiency, so we wanted to help homeowners not only meet future EPC requirements, but also improve them.

By exceeding our standard LTV limits in exchange for the owner’s commitment to converting the property into an energy-efficient home, Quantum Mortgages can help fund the cost of the work, removing the significant capital barrier that can prevent owners from retrofitting. the houses.

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