Proptech company, Propflo, has partnered with Energy Performance Certificate (EPC) provider, Propcert, in a move to support lenders in decarbonising their mortgage portfolios and reach net-zero targets.
As well as an EPC that will be lodged on the Government register, the partnership will provide information to update a “resilience rating”, which includes the impact on health and financial stability, and inform a net-zero pathway for the property.
Over 20% of lenders’ back-books do not have an EPC rating which present a gap in report and targeting decarbonisation initiatives.
However, the “enhanced EPC” product by Propflo and Propcert will be a cost-effective alternative to other assessments in the market, whilst providing additional benefits including a portfolio EPC checker; HomeHub, which engages with customers to track and manage their property’s energy efficient; and portfolio impact, which provides verification and impact monitoring for lenders and their customers.
Propcert is the UK’s largest EPC provider, visiting over 10,000 per month through their network of property professionals.
Propflo’s founder and CEO, Luke Loveridge, said: “This is an exciting offer that builds upon the EPC to help inform wider benefits and a route to net-zero. We believe that this cost effective solution and the huge network of trained national assessors already in place will give another option to lenders and their customers. I've tried this EPC with Propcert on my own home, and I was very impressed. I'm really pleased to be working with them.”
Managing director at Propcert, Tom Harrington, added: “We see this partnership as a great opportunity to bring our expertise, excellent customer reputation and national coverage to support lenders in their decarbonisation efforts. Propflo have a fantastic platform that delivers a lot of value, and we're excited to be working with them on this shared mission.”
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