Lender drives energy efficiency with new tech partnership

Specialist lender Hodge has joined forces with Propflo, a PropTech startup, to help customers make their properties more energy-efficient and environmentally friendly.

Propflo’s data-backed property platform ‘GreenVal’ has been designed to help with retrofitting. Taking into account different property locations, types and budgets, the platform provides a simple, online view of improvement options a homeowner can select to achieve a more energy-efficient home. 

GreenVal will be available to all new purchase and remortgage Hodge customers via intermediaries, offering a one-stop-shop where homeowners can:

• View the short and long term benefits and costs associated with making a property more energy-efficient;
• Get quotes for a wide range of home improvements, from accredited local and national suppliers;
• Explore low-cost and do-it-yourself improvement opportunities, available for direct purchase; and 
• Gain insight into the impact a property can have on personal wellbeing, by rating contributing factors such as thermal comfort, air quality, and financial stability.

Amanda Davies, Proposition and Insight Manager at Hodge, says: "Having searched the market for ways to help our intermediaries engage their customers in energy-efficient solutions, we found many tools either had highly variable data quality, involved too many steps or required too much input from customers. 

“When we saw the customer journey and capabilities of Propflo’s GreenVal tool, we were really impressed and are hugely excited to be launching it with our intermediary partners.”

A statement says Hodge Bank “highly values the trusted role its brokers play in advising customers on all aspects of property ownership, and works hard to support customers in identifying and fulfilling long term needs.”

Luke Loveridge, founder of Propflo, adds: "Hodge now joins a growing number of lenders and brokers using our technology to help them to focus on what they excel at – providing innovative products to help people protect their most valuable financial assets – while offering support to their intermediaries, mitigating risk and realising opportunities around the complex retrofit process.”