The Mortgage Works has increased the maximum LTV for new build flats from 65% to 75%.

The lender says the change will help landlords who want to improve the energy efficiency of the properties in their portfolio, “as many new build properties are generally built to have an energy performance certificate (EPC) rating of B or above.”

TMW points to the government’s recent consultation on changing the law to force all new tenancies to have an EPC rating of C or above by 2025 and for all existing tenancies by 2028.

Additionally, the lender has brought out a new service ‘New Build Hub’, which lists criteria, includes calculators, and other useful information for this market segment.

TMW head of intermediary support and new build Andy Dean says: “As a major buy-to-let (BTL) lender, TMW wants to play its part in helping improve the energy efficiency of rental properties in the UK.

“Furthermore, as a lender that recognises the specialism and time pressure associated with the new build sector, the launch of our new build hub and ring fenced process helps brokers and landlords find everything they need to support them with applying for a BTL mortgage on a new build property, with the added confidence of a timely progression.”