Editor's note: This brief was summarised by The Property AI Newsroom from a report by Property118. Read the original article for full details.
The Mortgage Works Launches EPC Support Pilot for Landlords
The Mortgage Works is piloting a support package for landlords, offering free property assessments and discounted borrowing to help them prepare for proposed Energy Performance Certificate (EPC) standards from 2030. The buy to let lender, which is part of Nationwide, will fund 1,000 property assessments as part of this initiative.
The pilot aims to assist landlords in identifying what improvements are needed to meet the proposed EPC requirements. For many landlords, the first step will be determining which aspects of their properties require attention to comply with future standards.
The support package includes free property assessments and access to borrowing at reduced rates. This initiative is designed to help landlords understand and address the changes necessary for their properties ahead of the proposed 2030 EPC regulations.
Letting agents and inventory clerks may find this pilot relevant as it could impact the preparation and management of rental properties, particularly in relation to compliance with upcoming energy efficiency standards.
Source: Property118