CHL Mortgages will lend on the full property value within the first six months of purchase, where the enhanced value has been gained by improvement works. This can be evidenced by comparing original sales particulars to current valuation and receipts for works carried out. We will also consider enhancements to the title, for instance if …
Why is it crucial for landlords to continue their EPC improvements efforts?
Following the recent announcement by Prime Minister Rishi Sunak that homeowners and landlords will no longer be required to improve the energy efficiency of their properties to a minimum rating of C or above, many landlords may be questioning their plans to improve the EPC rating on their rental properties. However, in our opinion, landlords …
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A Take on the Specialist Green Mortgage Market
According to a government report1, the housing in the UK is among the oldest and least energy-efficient in Western Europe. The report states that around 19 million homes in the UK lack energy efficiency, and there are several reasons for this. Firstly, a large proportion of homes in the UK use gas boilers for heating, …
CHL Mortgages has the EPC improvement mortgage solution
A recent survey of 500 landlords* found that 59% would exit the market if the expected deadline of 2028 to upgrade properties to a minimum EPC C rating is introduced. This new legislation could make it challenging for landlords to purchase additional buy-to-let (BTL) properties or upgrade existing properties which require works to be carried …
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CHL Mortgages launches Buy-To-Let refurbishment range
CHL Mortgages has introduced a buy-to-let refurbishment product range which is designed to help landlords improve the energy rating of their rental stock and/or improve the general condition of the property. The products offer the ability to release the costs of the refurbishment upon completion, without having to change product. The refurbishment product range consists …
CHL Mortgages launches Buy-To-Let refurbishment rangeRead More