Hodge has partnered with PropTech firm Propflo in a drive to show homeowners how to make their properties more energy efficient.
The specialist lender will use Propflo’s GreenVal platform, which provides green improvement options, taking into account property locations, types and budgets.
It says the service is available to all new purchase and remortgage customers via intermediaries.
The platform allows homeowners to:
- View the short- and long-term benefits and costs associated with making a property more energy efficient
- Get quotes for a wide range of home improvements, from accredited local and national suppliers
- Explore low-cost and do-it-yourself improvement opportunities, available for direct purchase
Gain insight into the impact a property can have on personal wellbeing, by rating contributing factors such as thermal comfort, air quality, and financial stability
Hodge proposition and insight manager Amanda Davies says: “Having searched the market for ways to help our intermediaries engage their customers in energy-efficient solutions, we found many tools either had highly variable data quality, involved too many steps or required too much input from customers.
“When we saw the customer journey and capabilities of Propflo’s GreenVal tool, we were really impressed and are hugely excited to be launching it with our intermediary partners.”
Propflo founder and chief executive Luke Loveridge adds: “Hodge now joins a growing number of lenders and brokers using our technology to help them focus on what they excel at — providing innovative products to help people protect their most valuable financial assets — while offering support to their intermediaries, mitigating risk and realising opportunities around the complex retrofit process.”
In February, Ofgem’s quarterly report on heat pump upgrades found that the government’s Boiler Upgrade Scheme, set up two years ago, has issued £133m in grants from its £300m budget to persuade householders to ditch gas boilers for low-carbon home heating.
Last September, Prime Minister Rishi Sunak announced that the government would lift grants for heat pumps to £7,500 from £5,000 per household.
Installing a heat pump typically costs between £10,000 and £15,000, while replacing a gas boiler ranges between £2,000 to £4,000.
