Molo partners with Propflo to boost energy efficiency in buy-to-lets
Molo Finance, the UK’s first fully digital mortgage lender, is excited to announce its strategic collaboration with Propflo, an award-winning AI-driven proptech startup. This partnership will offer an end-to-end solution for landlords seeking to undertake energy efficiency upgrades.
Following a highly successful trial during the summer, which saw an increase in average engagement rates, Molo will introduce GreenVal, a cutting-edge tool from Propflo. The innovative tool is designed to help landlords become compliant with Energy EfficiencyStandards 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 effortlessly:
● Manage quotes and improvement works in one place
● Securely store key property documents like warranties
● Set important reminders like gas safety servicing
● Use smart home technology to monitor real-time energy efficiency and risks like mould
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. The standards are expected to be confirmed this year. 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 properties.
It’s beneficial for landlords who, with Molo, have a platform to effortlessly get a mortgage or remortgage online for their buy-to-let and begin the process of making their investments more energy efficient.
Speaking about the partnership, Molo CEO and Co-Founder, 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.”
Propflo’s Founder and CEO, Luke Loveridge is equally as excited, commenting:
"Francesca and the whole Molo team have been fantastic to work with. They really care about providing innovative solutions to better understand their portfolio and to add value for their customers. We have one of the most advanced end-to-end solutions and we’ve seen great engagement with retrofit during the pilot. We are thrilled to extend this solution to more of Molo's existing and prospective customers.”
More information on Molo and Propflo’s partnership can be found on our website:
https://www.molofinance.com/propflo-partnership/
Find out more about the Propflo here: https://www.kerfuffle.com/suppliers/propflo
