Standard Life Home Finance has launched a new EPC scheme to encourage owners to make sustainable enhancements to their properties.
The incentive sees clients obtain the choice of a free EPC from Vibrant Energy Matters upon completion of their Horizon or Horizon Interest Reward lifetime mortgage.
If their property subsequently receives an EPC A score from power options the client will obtain a £1,000 cashback reward. Customers whose property charges EPC B will obtain £500.
If a buyer already has a sound EPC certificates from the previous 5 years for properties aged 10 years or older, or at any time for properties aged lower than 10 years, they may nonetheless be eligible to obtain the cashback for any A or B rankings.
The proposition will launch on Horizon and Horizon Interest Reward plans, through any entire of market adviser registered with Standard Life Home Finance.
In instances the place the lifetime mortgage funds are getting used to buy a new dwelling, clients can be eligible for cashback from an present EPC certificates however not for a free EPC analysis.
Standard Life Home Finance head of gross sales Sanjay Gadhia says: “In current years we’ve seen inexperienced mortgages, sustainable housing and EPC issues rise quickly up the agenda for owners, so we’re excited to offer free EPCs to our clients.
“People have skilled severe shocks to their payments lately, from the gasoline worth shock in 2022 to the power worth cap anticipated to fall by 7%, so having a superb EPC score just isn’t solely vital for the local weather however for our clients’ wallets too.
“Providing a lump sum in cashback to essentially the most sustainable and energy-efficient properties will present a monetary incentive for purchasers with decrease EPC rankings to put money into their property. Not to say that the funds launched with a lifetime mortgage can enable dwelling homeowners to make refurbishments leading to a greener dwelling with decrease power payments. Customers contemplating this as an choice ought to at all times seek the advice of an adviser for help. ”
