MT Finance has launched a £250 credit scheme for borrowers whose properties hit a green standard, with an energy performance certificate rating of A or B.

The specialist bridging and auction finance lender says its offer is available across its entire product range and is open to existing borrowers as well as new customers.

The average energy efficiency rating for a property in England and Wales is D, according to government data.

MT Finance says its scheme is designed to encourage borrowers to buy more energy-efficient properties or make improvements such as putting in insulation or upgrading windows and heat sources.

It adds that this has the added benefit of reducing running costs, which make homes more affordable for tenants and owner-occupiers.

MT Finance operations director James Anderson says: “We want to lead the industry by becoming a force for change when it comes to improving the built environment.

“This initiative is very much the tip of the iceberg for us, with many more exciting plans to come.

“We also want to encourage others in the industry to talk to us about what they are doing to care for the environment to see whether we can help.

“But for now, at least we can start giving back on the projects that many of our borrowers are undertaking to create greener, more energy-efficient homes and commercial spaces.”