Foundation Home Loans has announced the launch of new two- and five-year fixed-rate EPC Saver products in partnership with Vibrant Energy Matters.

The product is designed for both landlord and owner-occupier borrowers who are purchasing or remortgaging properties who require support to renovate and improve the property to achieve an EPC level of C and above.

The Buy-to-Let EPC Saver is for F1 borrowers – for clients with an almost clean credit history – and comes with two- and five-year fixed-rate products, available up to 75% LTV with a 1.25% fee, and rates starting at 5.94%.

The Residential EPC Saver is also for F1 borrowers – for those who just miss out on the mainstream due to historical credit blips – and comes with two- and five-year fixed-rate products, available up to 75% LTV with a fixed £595 fee, and rates starting at 6.24%.

All EPC Saver products come with additional features including a bespoke report outlining the steps borrowers can take in order to achieve a maximum rating on the property (and further consultancy if desired), as well as £1,000 cashback to be put towards the work required.

Borrowers can claim their free EPC inspection to start their improvement process up to three months after completion of the mortgage.

Commenting on the launch Foundation Home Loans director of product and marketing Tom Jacob said: “Many of the Green mortgage products currently available are aimed at properties which have already achieved an EPC C level or above, however this product is different as it is designed to help those who want to get their properties up to, or beyond, this level.”

He added: “Available to both landlord and owner-occupier borrowers we want to support those clients who are keen to improve the energy-efficiency of their properties, who want to benefit from the lower energy costs this will generate, plus of course ensuring we continue to support the improvement of our carbon emission levels from the UK’s property stock.”