Molo Finance - which says it’s “the UK’s first fully digital mortgage lender” - has joined with a PropTech startup to help landlords making energy efficiency improvements.
Following a trial during the summer, which saw an increase in average engagement rates, Molo will introduce GreenVal, a tool from PropTech platform Propflo.
The tool is designed to help landlords become compliant with Energy Efficiency Standards and offers a range of options and recommendations for compliance, as well as direct quotes from reputable national suppliers.
The tool integrates with Propflo’s HomeHub, where customers can already store quotes and improvement works, store key documents and use AI to monitor issues like mould risk.
But will this still be popular now that the government has watered down its energy efficiency goals?
Propflo launched the retrofit GreenVal tool in anticipation of the impending Minimum Energy Efficiency Standards that would have required private rented properties to achieve a minimum energy rating of C by 2028.
Even after Sunak’s backtrack, the tool will be sent to existing customers and accessible via Molo's website, giving landlords the insights to improve the EPC rating of their property.
Molo chief executive Francesca Carlesi says: “Landlords want convenience, whether it’s managing their property or applying for finance.
“Our priority is to ensure they are well-prepared and proactive, and Propflo's GreenVal tool offers high value for our customers who want to make their homes greener.
“This partnership is a reflection of Molo’s core values, offering speed, convenience and a fully digital solution.”