Earn up to £2,000 cashback when you install a heat pump.
To encourage homeowners to improve their properties' energy efficiency, more and more lenders are offering cashback incentives or reduced mortgage rates on energy efficient homes.
The amount of cashback varies considerably depending on the lender, the chosen mortgage product and the property's Energy Performance Certificate (EPC) rating but can also be combined with government initiatives like the £7,500 Boiler Upgrade Scheme (BUS) grant for additional savings .
Some schemes reward those buying already energy-efficient homes, while others incentivise borrowers to carry out energy-saving renovations. We have summarised some of the deals available below.
Examples of Green Mortgage Offers:
Nationwide - £500 cashback, for a property with an EPC score of 92 or above. £250 cashback, for a property with a score of 86 to 91.
Barclays - Up to £2000 for an air or ground source heat pump
Halifax - Up to £2000 for a heat pump, plus a free EPC
Virgin - £250 cashback
Lloyds Bank - Up to £2000 cashback, plus a free EPC
HSBC - Up to £500 for homes with an EPC rating of A or B
Nat West - Discounted rates for homes with EPC rating of A or B.
Santander - Discount of 0.10% on mortgages for homes with EPC rating of A or B
