TSB has launched a inexperienced mortgage incentive the place properties with an vitality efficiency certificates (EPC) ranking of A or B will probably be eligible for £250 cashback.
The provide is out there throughout all TSB residential buy mortgages, together with shared possession and shared fairness.
It additionally consists of new-build properties with a predicted EPC ranking of A or B. The cashback will probably be paid on completion.
TSB has additionally been working with energy-efficiency agency Snugg to supply debtors with a free, personalised enchancment plan to chop waste and decrease payments.
However, the launch of the brand new cashback provide comes as Atom Bank immediately revealed a report at the side of Experian and the University of Durham warning that by counting on EPC information, lenders may very well be over-estimating carbon emissions from homes of their mortgage e-book by as much as 50%.
The examine additionally discovered that the distinction in emissions from the perfect and worst-rated homes on the EPC scale may very well 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 householders for making vitality environment friendly selections whereas additionally serving to TSB to ship on its net-zero commitments.
“The greatest problem for anybody seeking to scale back their dwelling vitality utilization is figuring out the place to start out, which is why TSB’s partnership with Snugg is so necessary to assist minimize by way of the confusion and help extra folks to take step one in direction of a extra sustainable family.”
