The new Q3 Rental Barometer Report is now available. Visit our Broker Resources page to access the latest market insights and updates.
The new Q3 Rental Barometer Report is now available. Visit our Broker Resources page to access the latest market insights and updates.
At Fleet we are committed to supporting the UK’s transition to a more sustainable future, and to improving the energy efficiency of the country’s private rental sector properties, with the obvious benefits this will provide, particularly for tenants. This product feature rewards landlord borrowers with a £1,000 cashback payment if they improve the Energy Performance Certificate (EPC) level of the property to a C or above during the course of the initial fixed rate period*. The cashback is available on Fleet’s five-year fixed-rate new business products, excluding EPC A-C and Product Transfer options, which complete from 1st July 2023.
We believe this feature will motivate landlords to make the necessary improvements to their properties to facilitate a greener future for everyone, with a contribution from Fleet against the costs of completing those works.
Key Highlights:
* Terms and conditions apply. Speak to our team for further details.
** The EPC Register must be updated on the Government website for the customer to receive their payment. www.gov.uk/find-energy-certificate
The examples below show how some of Fleet’s landlord clients have successfully enhanced their properties through a range of energy-efficiency measures, from simple, low-cost upgrades to more extensive refurbishment work, enabling them to achieve a higher EPC rating and benefit from the cashback.
| Work completed | Result | |
|---|---|---|
| Landlord case study #1 | Landlord #1 carried out a series of energy-efficiency improvements, including loft insulation, upgrading to smart LED lighting throughout the property, installing new radiators with smart TRV valves and a smart thermostat, and replacing windows with double glazing. | These upgrades improved the property's EPC rating from E to C, making it eligible for Fleet Mortgages' Green Cashback. |
| Landlord case study #2 | Landlord #2's previous EPC assessment showed the property had narrowly missed achieving a C rating. They made a few simple, cost-effective improvements, including replacing light fittings with more energy-efficient alternatives. A boiler replacement completed the previous winter also contributed to the property's energy performance. | With only a handful of minor upgrades, the property improved to an EPC C rating, allowing the landlord to qualify for Fleet Mortgages' Green Cashback. |
| Landlord case study #3 | Landlord #3 focused on two straightforward energy-efficiency upgrades: replacing older electric storage heaters with modern high heat-retention storage heaters and switching all lightbulbs to energy-efficient alternatives. | With only a handful of minor upgrades, the property improved to an EPC C rating, allowing the landlord to qualify for Fleet Mortgages' Green Cashback. |
If you’d like to find out more, contact our team.
Call us on 01252 916 800 or email sales@fleetmortgages.co.uk
