Coventry Building Society is extending its Green Together Reward which offers borrowers an incentive of £500 in return for carrying out work designed to improve their property’s energy efficiency.

Borrowers will now have until 31 March 2022 to apply for their mortgage and 31 March 2023 to submit their claim for the reward.

To qualify for the Green Together Reward, borrowers need to spend a minimum of £2,500 on energy efficient home improvements carried out by a TrustMark Registered Business.

The Green Together Reward is available to homeowners and landlords who apply for a new mortgage or change their existing mortgage or terms.

Kevin Purvey, director of mortgages at Coventry Building Society, said: “Improving the energy efficiency of our homes is one of the most effective ways of reducing our carbon footprint.

“Our Green Together Reward makes it easier for homeowners and landlords to make greener choices and creates an incentive for them to take action sooner rather than later. Making homes more energy efficient can also help to keep running costs down, which is particularly helpful with energy costs set to rise further over the coming year.

“It’s been incredibly popular so far and, as well as extending the deadline for this reward, we’re actively considering other ways we can help borrowers to improve their homes’ impact on the environment.”