Deciding on an energy efficient home is not only good for the environment, it could be good for your bank balance too. We’re supporting our customers who make more sustainable choices by giving you up to £1000 cashback, when your new home has an EPC rating of A or B. If your mortgage is eligible, you could look forward to an little extra to help with your move, redecoration plans or even that new sofa you’ve had your eye on.
Sustainable Home Reward
A cash reward for energy efficiency
Rewarding your sustainable choices
How does it work?
We’ll pay you a Sustainable Home Reward if:
- You’re taking a new residential mortgage product with us
- The mortgage is an eligible product
- You give us the most recent Energy Performance Certificate (EPC) for your home confirming an A or B rating
- The EPC is valid when we provide a new mortgage or apply a new product to an existing mortgage
- We’ve not paid a Sustainable Home Reward for the same home in the previous 3 years
- There are no missed payments on any mortgage that’s connected to your home.
How much could I receive?
|
Total outstanding amount
|
Sustainable Home Reward
|
|
£250,000 or more
|
£1,000
|
|
Less than £250,000
|
£500
|
Is my mortgage eligible?
Our Sustainable Home Reward is available on new, single part residential mortgages that are either fixed rate or track the Bank of England base rate.
To understand more about these terms, please visit handelsbanken.co.uk/jargonbuster.
We’ll tell you if the product you’re applying for is eligible for the Sustainable Home Reward, either before we provide a new mortgage or before you select a new product for an existing mortgage.
Important information
Your home may be repossessed if you do not keep up repayments on your mortgage.
Your questions answered
If you have any other queries we’ve not covered here, your private banking manager will be able to help.
-
If our requirements are met, a Sustainable Home Reward is payable when:
- a new mortgage is provided (including when a further new mortgage is provided for the same home as an existing mortgage), and/or
- the current mortgage product ends and we provide a new one
The Sustainable Home Reward isn’t payable at any other time. It also isn’t payable if it was paid within the previous 3 years, on the same mortgage or another mortgage in connection with the same home.
Example: We provide Jane with a new mortgage and pay her a Sustainable Home Reward. Two years after that, the original product ends and she chooses a new one. In that case, we won't pay her a Sustainable Home Reward, but a further two years after that, she chooses another new product when the previous one ends. Because it's now four years since her last Sustainable Home Reward, she'll be eligible for another (assuming all other requirements are met).
-
The amount of the Sustainable Home Reward will be based on the total outstanding amount of all mortgages you have with us on the same home.
-
A Sustainable Home Reward may be payable for each home.
-
Moving the mortgage to a new home isn’t a trigger for payment of a Sustainable Home Reward.
However, when this product ends and a new product is then applied (or when we provide a new mortgage in connection with your new home) a Sustainable Home Reward may be payable in respect of your new home.
-
For a new mortgage, you must provide the EPC no later than the day before the mortgage completes, and it must be valid on the day the mortgage completes.
For an existing mortgage, you need to give the EPC no later than the day before the current product ends, and it must be valid on the first day a new product is applied to the mortgage.
Supporting you on sustainability
There’s lots of support we can offer our customers, whether you want to improve your EPC rating or understand the options and benefits of retrofitting.
Our Sustainable Finance Specialist team
Direct access to experts who know how to guide you through all aspects of how to make a start on sustainability, whatever your plans, big or small. Speak to your account manager to arrange a meeting with the team at a place and time that suits you.
Useful tools
View your home’s current EPC rating and create a free, personalised plan to improve it.
Expert guidance on making your home more energy efficient.
The energysavingtrust.org.uk Opens in a new window has everything you need to know about energy efficiency and reducing your bills, at home and on the move.
You’ll also find a wealth of information here via the link below which should help you to feel more informed about making changes that could make a real difference.
More information
Fore more information on how to qualify for a Sustainable Home Reward, speak to your branch.