Standard Life Home Finance has launched a new EPC scheme to encourage householders to make sustainable enhancements to their houses.
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 ranking from power options the client will obtain a £1,000 cashback present. Customers whose property charges EPC B will obtain £500.
If a buyer already has a legitimate 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 scores.
The proposition will launch on Horizon and Horizon Interest Reward plans, by way of any entire of market adviser registered with Standard Life Home Finance.
In circumstances the place the lifetime mortgage funds are getting used to buy a new dwelling, clients can be eligible for cashback from an current 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 householders, so we’re excited to offer free EPCs to our clients.
“People have skilled critical shocks to their payments in recent times, from the fuel value shock in 2022 to the power value cap anticipated to fall by 7%, so having a great EPC ranking is just not solely necessary for the local weather however for our clients’ wallets too.
“Providing a lump sum in cashback to probably the most sustainable and energy-efficient properties will present a monetary incentive for patrons with decrease EPC scores to put money into their property. Not to say that the funds launched with a lifetime mortgage can permit dwelling house owners 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 assist. ”
