Standard Life Home Finance offers free EPCs and cashback

Published on

Standard Life Home Finance has announced a new EPC scheme to encourage consumers to make their homes more sustainable.

Upon completion of their Horizon or Horizon Interest Reward lifetime mortgage, customers will receive an offer to book a free EPC through Vibrant Energy Matters. If their property subsequently receives an EPC A rating, they will receive a £1,000 cashback gift. Customers whose property rates EPC B will receive £500.

If a customer already has a valid EPC certificate from the past five years for properties aged 10 years or older, or at any time for properties aged less than 10 years, they will still be eligible to receive the cashback for any A or B ratings.

The proposition will launch on Horizon and Horizon Interest Reward plans, via any whole of market adviser registered with Standard Life Home Finance.

In cases where the lifetime mortgage funds are being used to purchase a new home, customers will be eligible for cashback from an existing EPC certificate but not for a free EPC evaluation.

Sanjay Gadhia, head of sales at Standard Life Home Finance, said: “In recent years we’ve seen green mortgages, sustainable housing and EPC considerations rise rapidly up the agenda for homeowners, so we’re excited to be offering free EPCs to our customers. People have experienced serious shocks to their bills in recent years, from the gas price shock in 2022 to the energy price cap expected to fall by 7%, so having a good EPC rating is not only important for the climate but for our customers’ wallets too.

“Providing a lump sum in cashback to the most sustainable and energy-efficient properties will provide a financial incentive for customers with lower EPC ratings to invest in their property. Not to mention that the funds released with a lifetime mortgage can allow home owners to make refurbishments resulting in a greener home with lower energy bills. Customers considering this as an option should always consult an adviser for support.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...

Atom bank breaks Near Prime record

Atom bank has reported another record-breaking month for Near Prime activity. Over the course of...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Other news

Lenders must step up on high LTV products

Things are on the up for borrowers with a smaller deposit. The financial information...

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...