Brokers gain access to the Propflo platform, including its GreenVal tool
Mortgage criteria fintech Knowledge Bank has partnered with software firm AI proptech platform Propflo to provide mortgage brokers with a streamlined solution for green home improvements.
The partnership grants brokers access to the full Propflo platform, including the GreenVal tool, which simplifies the process of engaging homeowners in eco-friendly upgrades while offering financial incentives for brokers.
Through the Propflo platform, brokers can engage customers more effectively, with the potential to earn commissions from improvement suppliers. Depending on the project, brokers can earn between £350 and £725 per property on the basic and standard tiers.
Launched in July, the GreenVal tool allows brokers to send personalised information to clients or feature it on their websites. Customers can use the tool to assess the short- and long-term benefits of energy-efficient home improvements, get quotes from accredited suppliers, and explore low-cost, do-it-yourself options. The platform also provides insights into how a property impacts personal wellbeing, considering factors like thermal comfort, air quality, and financial stability.
Knowledge Bank said the need for green home improvements in the UK is pressing, with £250 billion required to upgrade properties to modern energy standards and 80,000 homes needing retrofits each month. Mortgage brokers, who facilitate over 80% of mortgage lending, are seen as key players in raising homeowner awareness about energy efficiency. However, limited time and incentives have traditionally hindered brokers’ ability to promote green upgrades.
“Not only is helping people be more energy-efficient a good thing to do, but it can also be a great opportunity for mortgage advisors to grow their ancillary income,” said Nicola Firth (pictured left), founder and chief executive of Knowledge Bank. “I’ve known Luke and the Propflo team for a few years and watched them create a truly market-leading offering for mortgage advisors and lenders.”
“With Knowledge Bank being well-respected among both advisors and lenders, we can together offer something that adds real value to advisors as well as their customers,” added Luke Loveridge (pictured right), founder and chief executive of Propflo.
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