West One Loans has launched a new environmental initiative to fund sustainable projects with carbon reduction measures.
As part of its ‘Funding the Future’ campaign, the non-bank lender will develop a series of new products across its range, launching today with the release of its ‘GREEN’ product for buy-to-let (BTL).
The new product range will be available for selection on West One’s broker portal for standard property types with an Energy Performance Certificate (EPC) rating of A to C. Rates start initially at 65% LTV and 70% LTV with two-year and five-year fixed rate options available, from 3.04% with a 1.25% fee.
The initiative is being supported by West One’s parent company, Enra Specialist Finance, which suggested the move is an important part of the group’s overall ESG strategy.
Enra COO, Stephen Hogg, said: “Our campaign, Funding the Future, is focused on promoting sustainability through West One, and the launch of the GREEN product range is an important part of our overall ESG strategy.”
Managing director of West One’s division, Andrew Ferguson, added: “The GREEN product is a great addition to our range and will appeal to investors and landlords looking to upgrade older properties in particular.
“It’s an important step in terms of bringing those properties into line with the standards required for a more sustainable and carbon neutral property market.
“We will continue to expand our product range in the coming months, whilst maintaining the same high standards of underwriting, customer service and reliable delivery that intermediaries and clients already enjoy from West One.”
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