Homeowners can get up to £2,000 off heat pumps and home improvements with a Halifax mortgage

Households with a Halifax mortgage can get £2,000 cashback towards a heat pump or £1,000 towards other green home improvements.

The bank has just launched a scheme called Green Living Reward to encourage homeowners to make their homes more energy efficient.

It is available to any mortgage customer with a Halifax current account taking out new lending or a new deal, and wants to make their home greener, warmer, and cheaper to run over the next 12 months. 

The Halifax cashback is repaid after the home improvement work is done, and customers can fund refurbishments however works best.

For those interested in heat pumps, the biggest discount is the Government’s Boiler Upgrade Scheme (BUS) gives grants of up to £7,500.

The average BUS grant is £5,819 per home, and the typical heat pump fitted under the scheme costs £13,300.

That means a Halifax homeowner getting the typical BUS grant and heat pump could bring down the total cost of the device from £13,300 to £5,481.

Halifax cashback offers

£2,000 cashback

£1,000 cashback

• Solar panels (photovoltaic)
• Battery for solar storage

£500 cashback

• Biomass pellet boiler
• Solar thermal heating
• A-rated double / triple glazing (where replacing single glazing)
• Secondary glazing
• Cavity wall insulation (including party wall)
• Flat roof insulation
• Loft and pitched roof insulation
• Roof in roof insulation
• Smart air bricks
• Solid floor insulation
• Solid wall insulation
• Suspended wooden floor insulation

Customers are eligible for Green Living Reward benefits when they complete on their mortgage application. 

This could be for buying a home or buy to let property, remortgaging, and product transfers, or taking a further advance. 

Once they have completed on their loan, they have 12 months to make a claim. 

To claim their cashback, customers need to fill in some details and upload a copy of their tradesperson’s invoice as evidence that the work has been completed. 

Once the claim is made, Halifax aims to pay the customer within five working days. 

Andrew Asaam, Halifax mortgages director, said: ‘We are committed to helping our customers live in warmer, more energy efficient homes, on the journey to Net Zero. Improving the way older homes are heated, powered, and insulated is critical.’

The Green Living Reward offer is available to mortgage customers applying for borrowing in-branch, online, by phones, or through mortgage brokers, and is also available to Bank of Scotland customers. 

A matching offer is available for Lloyds Bank mortgage customers.

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