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Santander relaunches Greener Homes Hub and adds cashback incentive

  • 09/05/2024
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Santander relaunches Greener Homes Hub and adds cashback incentive
Santander has revamped its Greener Homes Hub and brought out new cashback incentives to help homeowners and landlords make energy-efficiency improvements cost-effectively.

The Greener Homes Hub, which can be found on Santander UK’s website, includes details of new cashback available to customers who take out a loan to make energy-efficiency improvements on their home of £250 for borrowing between £5,000 and £9,999 and £500 for borrowing of £10,000 or more.

The lender has also struck up a partnership with Octopus to offer customers information on the design and installation of solar panels and £500 off installation price.

Santander has also teamed up with Vibrant, which offers Santander mortgage or current account customers a free EPC assessment to help them understand the steps they need to make to improve the energy efficiency of their property.

The EPC Plus Service with Vibrant also connects customers with reputable tradespeople to carry out improvements.

The relaunch comes after Santander launched its Tomorrow’s Homes report, which called on the government to take action to help homeowners and renters improve energy efficiency, lower bills and reduce energy loss.

The report called for more upfront grant support, for the government to take a role in creating an online tool to educate about reports, government support to lenders offering financing options for green improvements and increased support for the supply chain.

In an interview with this publication, Michael Taylor, head of retail green finance at Santander UK, said that decarbonisation is the “biggest challenge” to UK housing.

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