Buy-to-let lender Landbay has launched its first green mortgage range.

The specialist says all of its green products carry a 0.1% or 0.05% reduction against its comparable non-green loans, depending on a property’s energy rating.

It adds that green rates are available for properties that have been registered for over 24 months with an energy performance certificate rating of C and above.

The firm says the aim of the move is “to incentivise energy-efficient rental properties as an attractive option for landlords”.

Examples of the new rates, on offer from today (21 June), include:

A five-year fixed-rate mortgage with an EPC rating ranging from A to B at 3.15% at up to 65% loan to value, with a 1.5% fee. Cut from 3.25%.

A five-year fixed-rate loan with an EPC rating ranging from A to B at 3.25% at up to 75% LTV, with a 1.5% fee. Down from 3.35%.

A five-year fixed-rate product with an EPC rating at C at 3.20% at up to 65% LTV, with a 1.5% fee. Reduced from 3.25%.

And a five-year fixed-rate offer with an EPC rating at C at 3.30% at up to 65% LTV, with a 1.5% fee. Cut from 3.35%.

Landbay managing director, intermediaries Paul Brett says: “Properties being let by landlords are obliged to have at least an E rated EPC. However, the government has said it wants as many as possible to be upgraded to band C or above by 2030.

“We hope our green mortgage range will go some way to help achieving that goal and incentivise more landlords to consider adding energy-efficient properties to their portfolio.”

Earlier this month, the firm launched two new products for landlords with three properties or less, and cut rates across other parts of its range.