All LendInvest Bridge-to-Let borrowers are now eligible for a cashback when they improve the Energy Performance Certificate (EPC) rating (or Energy Efficiency Rating) of a property during the term of their loan.

Borrowers can save up to £600 but the final amount depends on the extent to which they improve the EPC rating.

If the rating is improved from ‘C’ or below to ‘A’ borrowers will receive the full amount; borrowers that improve their property’s rating from below a ‘C’ to either ‘C’ or ‘B’ will receive £200 and £400 respectively. The cashback will be netted against the loan redemption amount at the end of the term.

Industry standards require landlords to achieve a minimum EPC rating of E on all rental stock. This green finance incentive reflects LendInvest’s ambitions to promote higher than average EPC ratings on the rental properties it backs.

Rod Lockhart, chief executive officer at LendInvest, said: “We’re hugely proud to be able to launch this innovative incentive. We’re excited to be among the very first lenders in the sector to be thinking about how we can encourage our borrowers to put the environment first.

“Every time we originate a loan, we’re helping our borrowers to have a positive impact on the environment and the communities in which they work. But there is always more we can do. By incentivising our borrowers to improve the EPC rating of their properties, we want to raise the bar and help the property sector improve the energy efficiency of buildings.

“We’re really looking forward to extending this initiative right across our product range in the near future.”