Home buyers, movers, and existing owners making energy-saving improvements to their properties can now get up to £2,000 cashback from a mortgage lender.
Under new Halifax Green Living Reward scheme, Halifax mortgage customers could earn either £2,000 cashback for installing a heat pump, or up to £1,000 for a range of other improvements to make their home more energy efficient. This is in addition to any other offers such as mortgage product cashback.
Green Living Reward (GLR) is available to any mortgage customer with a Halifax current account, who is taking out new lending or a new deal, and wants to make their home more energy efficient over the next 12 months.
The energy efficiency improvements that can be claimed against are:
|
£2,000 Cashback
|
|
• Air source heat pump
|
|
£1,000 Cashback
|
|
• Solar panels (photovoltaic)
• Battery for solar storage
|
|
£500 Cashback
|
|
• Biomass pellet boiler
• Solar thermal heating
• A-rated double / triple glazing (where replacing single glazing)
• Secondary glazing
• Cavity wall insulation (including party wall)
• Flat roof insulation
• Loft and pitched roof insulation
• Roof in roof insulation
• Smart air bricks
• Solid floor insulation
• Solid wall insulation
• Suspended wooden floor insulation
|
Customers are eligible for Green Living Reward benefits when they complete on their mortgage application. This could be for buying a home or Buy to Let property, remortgaging, and Product Transfers, or taking a further advance.
Once they have completed on their loan, they have 12 months to make a claim. To help customers understand the process, a new Green Living Reward online service provides help on the process, can send reminders of the deadline, and allow them to make and track their claim.
A spokesperson for Halifax says: “We are committed to helping our customers live in warmer, more energy efficient homes, on the journey to Net Zero. Improving the way older homes are heated, powered, and insulated is critical.
“Green Living Reward offers an incentive to anyone that wants to make their home more energy efficient but is concerned about the cost. With cashback of up to £2,000 on heat pumps and other grants available, it’s actually feasible that replacing an outdated gas boiler could cost you nothing.”
.png)
.png)
Join the conversation
Jump to latest comment and add your reply
Well done Halifax. A good, common sense move as they are 'co-investing' in the asset for 25 years.
I'm a chartered surveyor and both a commercial and domestic landlord.
Before doing a refurb of a house or flat I get a DRAFT predicted EPC prepared by a local energy assessor (full SAP software qualified assessors are the best. To find one look on the national EPC database and tell the database that you are looking for a new EPC for a New Building - these assessors are better qualified). I aim to get BOTH the 'Running Cost' EPC to Grade C and also the 'CO2 Pollution' EPC to Grade C. A lot of people do not realise that domestic EPCs have two separate Grades on the certificate - one measuring Running Cost and one measuring CO2 Pollution.
It doesn't take much to put 2 x layers of new Rockwool in a home's loft (one at right angles to the other), fill the cavity wall with insulation or get a local plasterer to fit a sheet of 5cm thick Celotex on the inside of external facing walls and cash-in the generous £7,500 Government grant to install an efficient high-temperature electric heat pump from Octopus Energy. I've had an Octopus Cosy 6 heat pump installed in a rental house I own in Bracknell. The old gas boiler came out and the new heat pump went in. It powers up the existing radiators and is working extremely well.
Oh and if you want to put a stop to running condensation on windows, damp and mould, get a handyman to install a Nuaire PIV (Heat) ventilation unit. Clothes then actually dry when they come out of the washing machine and towels dry after a bath - all year round.
It's all common sense.
Please login to comment