Fintech firm launches live EPC feeds for mortgage lenders

Fintech firm CLSQ has launched a tool to give mortgage lenders access to real-time Energy Performance Certificate (EPC) data.

The product, called LiveEPC – lets lenders to access the most current data from EPC certificates lodged with the official register, providing a significant advantage over traditional monthly text file downloads from the Department for Levelling Up, Housing and Communities (DLUHC), which is a month or two behind.
 
With LiveEPC, lenders have access to an automated process that provides data as soon as it is available, which can be used to support automated mortgage decisions, more precise valuation decisions and back book analysis.
 

Lorenzo Tejada-Orrell, chief innovation officer at CLSQ, said: “The EPC rating of a property is becoming an increasingly important element of lending decisions and back book analysis and while lenders can access batch data from DLUHC, this can be a time-consuming process based and is a month or two behind.

“LiveEPC brings and end to these issues – with real-time data designed for easy integration with mortgage lenders’ existing systems through a robust API.

“This seamless integration of live EPC data can empower lenders to make better informed decisions, more quickly and more efficiently – and, ultimately, this will benefit everyone in the process."