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- Halifax lender has launched Green Living Reward cashback programme
- This offers a mortgage cash back to people who make green improvements to their homes.
Households with a Halifax mortgage can get a £2000 rebate towards a heat pump or £1000 towards other green home improvements.
The bank has just launched a program called Green Living Reward to encourage homeowners to make their homes more energy efficient.
It is available to any mortgage customer with a Halifax current account who takes out a new loan or agreement and wants to make their home greener, warmer and cheaper to run over the next 12 months.
The Halifax Rebate is paid out once the home improvement work is complete and customers can finance their renovations in a way that suits them best.
Roundtable: Homeowners can also get grants from Halifax to install solar panels
For those interested in heat pumps, the biggest discount is the Government’s Boiler Upgrade Scheme (BUS), which provides grants of up to £7,500.
The average BUS grant is £5,819 per household, and the typical heat pump installed under this scheme costs £13,300.
This means that a Halifax homeowner receiving the typical BUS grant and a heat pump could reduce the total cost of the device from £13,300 to £5,481.
Halifax cashback offers
£2000 refund
£1,000 refund
- Solar panels (photovoltaic)
- Battery for solar storage
£500 Refund
- Biomass pellet boiler
- Solar thermal heating
- Double or triple glazing with A rating (when replaced by single glazing)
- Secondary glazing
- Insulation of walls with air chamber (including party walls)
- Insulation of flat roofs
- Insulation of attics and pitched roofs
- Roof to roof insulation
- Smart air blocks
- Solid floor insulation
- Solid wall insulation
- Insulation of suspended wooden floors
Customers are eligible for Green Living Reward benefits when they complete their mortgage application.
This could be to purchase a home or buy a property to rent, refinance a mortgage and transfer assets, or take an additional advance.
Once they have finalized their loan, they have 12 months to file a claim.
To claim their refund, customers must fill in a few details and upload a copy of their tradesman’s invoice as evidence that the work has been completed.
Once a claim has been made, Halifax aims to pay the customer within five business days.
Andrew Asaam, Head of Mortgages at Halifax, said: “We are committed to helping our customers live in warmer, more energy efficient homes on the path to net zero. Improving the way older homes are heated, fuelled and insulated is critical.”
The Green Living Reward offer is available to mortgage customers who apply for loans in a branch, online, over the phone or through mortgage brokers, and is also available to Bank of Scotland customers.
An equivalent offer is available to Lloyds Bank mortgage customers.
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