TSB has launched a inexperienced mortgage incentive the place properties with an vitality efficiency certificates (EPC) score of A or B can be eligible for £250 cashback.
The supply is obtainable throughout all TSB residential buy mortgages, together with shared possession and shared fairness.
It additionally consists of new-build properties with a predicted EPC score of A or B. The cashback can be paid on completion.
TSB has additionally been working with energy-efficiency agency Snugg to present debtors with a free, personalised enchancment plan to minimize waste and decrease payments.
However, the launch of the brand new cashback supply comes as Atom Bank at this time revealed a report at the side of Experian and the University of Durham warning that by relying on EPC knowledge, lenders could possibly be over-estimating carbon emissions from homes of their mortgage ebook by up to 50%.
The research additionally discovered that the distinction in emissions from the very best and worst-rated homes on the EPC scale could possibly be a lot much less vital than beforehand thought.
TSB secured lending director Craig Calder says: “Our new vitality environment friendly mortgage product vary is a good instance of rewarding owners for making vitality environment friendly selections whereas additionally serving to TSB to ship on its net-zero commitments.
“The largest problem for anybody wanting to scale back their residence vitality utilization is realizing the place to begin, which is why TSB’s partnership with Snugg is so necessary to assist minimize by way of the confusion and assist extra individuals to take step one in the direction of a extra sustainable family.”
