Landlords offered ‘solution’ to EPC upgrades under proptech deal
AI firm Propflo has reached an agreement with mortgage lender Molo to give landlords a new energy upgrade tool.
Landlords are to be offered an ‘end-to-end solution’ to EPC upgrades after AI proptech platform Propflo struck a deal with digital mortgage lender Molo Finance.
Following a successful trial this summer, which saw an increase in average engagement rates, Molo will introduce ‘GreenVal’, a tool from Propflo.
The tool is designed to help landlords become compliant with energy efficiency standards by offering a range of options and recommendations, as well as direct quotes from national suppliers.
Integrates
GreenVal integrates with Propflo’s HomeHub, where customers can manage quotes and improvement works in one place, as well as securely store key property documents like warranties.
Propflo launched the retrofit GreenVal tool in anticipation of the impending Minimum Energy Efficiency Standards (MEES) that will require private rented properties to achieve a minimum energy rating of C by 2028.
Insights
The tool will be sent to existing customers and be accessible via Molo’s website, giving landlords the insights to improve the EPC rating of their properties.
Landlords can use Molo to apply for a mortgage or remortgage online for their buy-to-let, and begin the process of making their properties more energy efficient.
Landlords want convenience, whether it’s managing their property or applying for finance.”
Francesca Carlesi, CEO and co-founder at Molo (main picture, right), 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.”
We have one of the most advanced end-to-end solutions.”
Luke Loveridge, Propflo’s founder and CEO (main picture, left), says: “Francesca and the whole Molo team have been fantastic to work with.
“We have one of the most advanced end-to-end solutions and we’ve seen great engagement with retrofit during the pilot.
More on Molo and Propflo’s partnership here
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Sunak announced he would no longer require homeowners and landlords to meet EPC energy efficiency targets. He promised not to force homeowners into what he termed “expensive insulation upgrades”