From 2025, landlords will need to show an EPC graded A-C for all new tenancies – and for all tenancies by 2028, up from E which is the current obligation.
Managing director at TFC Homeloans, Wayne Smethurst said: “At TFC we are building a system that provides accurate placement on criteria and surety of decision as early in the process as possible. Finding products where the EPC may be crucial is part of the continuing improvements to our 1APP system.”
The specialist lending portal, comprising 30 lenders including Atom, Bluestone, Precise and TML, has submitted around £2.6bn full decisions in principle (DIPs) in three years and handled 35,000 DIPs worth £8bn.
The provider said: “It is not a sourcing system but a mini lender system like a DPR and underwrites as data is keyed.”
TFC Homeloans offers lending across the specialist arena, including first and seconds, residential, buy-to-let including portfolio, commercial and bridging and development finance.