Sunday, October 1, 2023
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Redwood Bank have launched their Green Reward cashback offer to support landlords. With a continued focus on EPC ratings for rental properties, Redwood have said they want to support customers who already have the highest ratings of A-C.
Any new loan deals completed on properties with an EPC rating of A will be given cashback of 0.50% of the net loan value, properties with an EPC rating of B will be given cashback of 0.40% of the net loan value and properties with an EPC rating of C will be given cashback of 0.20% of the net loan value.
For multi-property/unit deals (i.e. those with more than one property/unit as a part of the deal) landlords will receive the cashback when at least 50% of the properties/units have EPC ratings of A-C and of these, whichever is the most commonly occurring EPC rating, will represent the cashback refund received by the customer.
Call Trinity Specialist Finance to secure funding on 020 7016 6151 or book a consultation
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