"Green Living Reward offers an incentive to anyone that wants to make their home more energy efficient but is concerned about the cost."
- Andrew Asaam, mortgages director at Halifax
Halifax has launched a new Green Living Reward, offering up to £2,000 to home buyers, home movers, and homeowners making energy-saving improvements to their properties.
From today, 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, including solar panels or batteries for solar storage. This is in addition to any other offers, such as mortgage product cashback.
Green Living Reward is available to any mortgage customer with a Halifax current account, who is taking out new lending or a new deal. Customers can fund their home improvements in a way that works best for them, whether that is savings, government grants, additional borrowing, or a combination.
Customers are eligible for Green Living Reward benefits when they complete on their mortgage application. This could be for buying a home, remortgaging, 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.
To claim their cashback reward, customers simply need to fill in some details and upload a copy of their tradesperson’s invoice as evidence that the work has been completed. Once the claim is made, Halifax aims to pay the customer within 5 working days.
Customers can choose any company to complete the work, but to help make the process quicker and easier Halifax has agreed partnerships with trusted companies it can refer customers to.
Andrew Asaam, mortgages director at Halifax, said: “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 With cashback of up to £2,000 on heat pumps and other grants available, it’s actually feasible that replacing an outdated gas boiler could cost you nothing.”
