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Mortgage Climate Action Group to host green-focused BTL webinar

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  • 27/10/2022
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Mortgage Climate Action Group to host green-focused BTL webinar
The Mortgage Climate Action Group (MCAG) will host an environmental and energy efficiency-focused buy-to-let webinar aimed at brokers.

The webinar will take place on 9 November, and will be chaired by Richard Howes, director of mortgages at Paradigm Mortgage Services.

Other panellists include Sara Palmer, head of distribution at The Mortgage Lender, who will examine the forthcoming green-focused legislation on Energy Performance Certificate ratings.

Adrian Moloney, group intermediary director at OSB Group, will discuss what needs to be done to upgrade properties to bring them in-line with proposed legislation.

Jon Cooper, head of mortgage distribution at Aldermore, will discuss practical help and guidelines and what lenders could do support intermediaries.

David Whittaker, chief executive at Keystone Property Finance, will take about the future of the buy-to-let market and the impact of the green economy on landlord clients and advisers.

Brokers can register for the event here.

 

‘Growth in green products for BTL market’

Howes said: “Despite all the political upheaval of recent months, it looks highly likely that future governments are going to keep looking to the UK housing market to do more in terms of energy efficiency and in terms of helping reach its net zero commitments.

“I think we all recognise the importance of this, and it is the private rental sector and landlords specifically, who are going to be the first borrower demographic required to meet new targets in this area.”

He continued: “As a result, we’ve seen a significant growth in ‘green’-focused product options in the buy-to-let market, and advisers working with landlord clients need to be fully informed about the options available and what might happen in the future.”

He said that Paradigm was pleased to work with MCAG and this webinar would cover off a range of issues to educate and inform advisers so they can provide appropriate solutions to landlord clients.

 

MCAG addressing green issues

Alex Beavis, proposition director mortgages and later life at Sesame Bankhall Group, said: “The proposed buy-to-let Minimum Energy Efficiency Standard rules are already shaping the UK’s rental market, as landlords prepare for a phased introduction of the minimum C-rated EPC requirements for new properties from 2025, and for existing properties from 2028.

“While this legislation is not yet finalised and approved by Government, the direction of travel is clear, so even if the proposed implementation dates get pushed back, raising awareness is key.”

He continued: “Sesame Bankhall Group wholeheartedly supports the drive to improve the energy efficiency of the UK’s housing stock. Alongside this, it is also critical advisers receive the guidance, training, and support they need to understand the impact these changes will have on their landlord clients.

“That’s why we are committed to supporting the Mortgage Climate Action Group. The forthcoming buy-to-let webinar will be another valuable addition to this important work on a cross industry topic of huge importance.”

MCAG was launched in April this year to help brokers understand and address green issues involved in mortgage applications.

The founding partners – Legal & General, Sesame Bankhall Group, and SimplyBiz Mortgages – have since been joined by other leading firms, including Paradigm Mortgage Services, HL Partnership, Mortgage Intelligence, Primis and The Openwork Partnership.

MCAG also launched a website which will help industry figures fund information about the environmental impact and how to improve property’s green credentials.

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