Quantum Mortgages, which confirmed its plans to launch soon late last year, has released details of its green mortgages.

The buy-to-let (BTL) specialist says that for properties with an energy performance certificate (EPC) rating of A or B, borrowers will enjoy a reduced completion fee and pay rate.

As well as this, the maximum LTV will be boosted by an extra 2%, giving a maximum LTV of 82%.

This 2% boost can also be accessed on properties that do not meet this criterion, but where the landlord has committed to upgrading the property to eventually achieve this.

Quantum Mortgages managing director Jason Neale says: “The current range of green mortgages available from other lenders simply offer slightly reduced payrates for properties that are already energy efficient but offer no practical help to landlords wanting to improve the energy efficiency of their lower EPC rated properties.

“Cost is obviously a considerable barrier to making homes more energy efficient, so we were keen to help landlords not only meet future EPC requirements but to better them.

By exceeding our standard LTV limits in return for the landlord committing to upgrade the property to an energy efficient home, Quantum Mortgages can help fund the cost of works, removing the considerable capital barrier which can prevent landlords from upgrading homes.”