Crystal Specialist Finance has partnered with Propflo to launch a one-stop-shop for green home improvements.
Propflo’s ‘GreenVal’ tool will be promoted to landlords and brokers through the Crystal Specialist Finance website and throughout the customer journey.
£250bn investment is required to bring UK properties up to standard, and 80,000 homes must be retrofitted per month.
The Government pledged to reintroduce new minimum energy efficiency standards (MEES) requiring landlords to raise their energy rating to at least a C by 2030.
Previous proposals included a £10,000 cap on costs for landlords.
Combining Propflo’s platform with the expertise of Crystal Specialist Finance aims to enable a more seamless experience between guiding landlords through the improvement process and financing the works.
Another gap is that brokers are not necessarily experts on energy efficiency or MEES, so Crystal Specialist Finance will provide support to them to create additional customer value and revenue.
Mark Hutchings, head of strategy and group projects at Crystal Specialist Finance, said: “MEES is another challenge for landlords and we want to make sure they are supported to comply with these new standards with ease.
“Brokers are well positioned but don’t usually have the time during the mortgage process which is where we believe we can provide added value.
“We looked at a few options but the Propflo platform was clearly the most advanced and comprehensive solution on the market – Luke and his team have been great to work with.”
Luke Loveridge, founder and CEO at Propflo, added: “Mark and the whole Crystal Specialist Finance team have been on the front foot and will gain significant experience in engaging landlords in energy efficiency compliance.
“These new regulations are coming and landlords need to be prepared, and using tools like ours will create a win-win for all stakeholders.”
