Crystal Specialist Finance and Propflo have announced a strategic partnership aimed at promoting green home improvements.
- This collaboration introduces Propflo’s advanced ‘GreenVal’ tool, which will be prominently featured to aid landlords and brokers.
- A significant investment of £250 billion is projected as necessary to elevate UK property standards sustainably.
- It aims to ensure compliance with the Government’s reintroduced minimum energy efficiency standards, a significant policy shift for landlords.
- Crystal Specialist Finance will bolster broker support to navigate the new regulations and improve customer value.
The forward-thinking partnership between Crystal Specialist Finance and Propflo represents a significant move towards enhancing energy efficiency within UK homes. This initiative introduces the ‘GreenVal’ tool, designed to simplify the process for landlords and brokers striving to upgrade property energy standards. Through this collaboration, Propflo’s tool becomes an integral part of the customer experience, positioned prominently on the Crystal Specialist Finance platform.
An astounding £250 billion investment is estimated to be crucial for the sustainable retrofit of UK properties. With a target of retrofitting 80,000 homes per month, this ambitious plan is foundational to reaching the UK’s energy efficiency goals. Current projections indicate a transformative impact on both the housing market and broader environmental targets, underlining the necessity of bringing properties up to the newly stipulated standards.
The Government’s revived focus on energy efficiency, particularly with the reintroduction of the minimum energy efficiency standards (MEES), demands landlords achieve an energy rating of at least a ‘C’ by 2030. Previous iterations of this policy included a cost cap of £10,000 for landlords, a significant element in strategic planning.
Combining Propflo’s technological platform with Crystal Specialist Finance’s industry expertise aims to streamline the guidance provided to landlords, facilitating easier compliance with these stringent standards. This initiative is set to provide a seamless experience from initial advice through to the financing of necessary works, leveraging the strengths each partner brings.
Mark Hutchings, representing Crystal Specialist Finance, emphasised the critical role of MEES, highlighting the importance of supporting landlords through this regulatory evolution. Hutchings noted, ‘MEES is another challenge for landlords and we want to make sure they are supported to comply with these new standards with ease.’ His comments underscore the proactive stance being taken to ensure brokers can offer added value without the constraints of time-consuming mortgage processes.
Luke Loveridge, CEO of Propflo, praised the collaboration, acknowledging both the initiative’s vision and its practical utility. Loveridge remarked, ‘These new regulations are coming and landlords need to be prepared, and using tools like ours will create a win-win for all stakeholders.’ His statement reflects the optimistic outlook shared by both entities as they pioneer this integrated approach.
The strategic partnership between Crystal Specialist Finance and Propflo is set to significantly aid landlords in navigating upcoming energy efficiency challenges, improving both compliance and property standards.
