Cynergy Bank is providing funding for residential landlords to support them in making vital changes to their rental property portfolios to assist with the nation’s green transition.
The EPC C+ Term Loan is available from today for existing and new landlord customers of Cynergy Bank.
It targets those who are looking to purchase properties which already meet proposed new energy efficient standards.
The product allows for borrowing from £1m to £40m, up to 70% loan to value. It is available on variable or fixed rates of interest on terms up to 10-years.
Sharon Maguire, chief product and brand officer of Cynergy Bank, said: “We are delighted to launch our new EPC C+ Term Loan which rewards residential property landlords who are looking to purchase, or refinance, energy efficient properties with an EPC rating of A, B or C by providing discounted rates on our standard pricing for both variable and fixed rate products.
“The launch supports our drive and ambitions for growth this year whilst forming an essential part of our Environmental, Social and Governance (ESG) strategy – showing that we are using our products and services to help our customers with their climate transition and reduce the impact their businesses have on the environment.”
She added: “We have supported scaling SMEs through tough environments including the pandemic. Our teams understand their clients and the markets they operate in. These new products underline our ambition to help our property clients manage their impact on the environment.”
