Specialist lender Hodge has partnered with proptech start-up Propflo to use its data-backed property platform GreenVal, which was designed to make retrofitting less complex.
Taking into account different property locations, types and budgets, the platform provides an online view of improvement options a homeowner can select to achieve a more energy-efficient home.
GreenVal will be available to all new purchase and remortgage Hodge customers via intermediaries.
Using the platform, homeowners can view the short and long-term benefits and costs associated with making a property more energy-efficient, get quotes for home improvements from accredited local and national suppliers, explore low-cost and DIY improvement opportunities, and get insight into the impact a property can have on personal wellbeing, by rating contributing factors such as thermal comfort, air quality, and financial stability.
Amanda Davies, proposition and insight manager at Hodge, said: “Having searched the market for ways to help our intermediaries engage their customers in energy-efficient solutions, we found many tools either had highly variable data quality, involved too many steps or required too much input from customers.
“When we saw the customer journey and capabilities of Propflo’s GreenVal tool, we were really impressed and are hugely excited to be launching it with our intermediary partners.”
Luke Loveridge, founder and CEO at Propflo, said: “I was very impressed by Hodge’s drive and ambition to tackle the challenge of decarbonisation and energy-efficiency.
“Hodge now joins a growing number of lenders and brokers using our technology to help them to focus on what they excel at – providing innovative products to help people protect their most valuable financial assets – while offering support to their intermediaries, mitigating risk and realising opportunities around the complex retrofit process.”
