The Energy Efficient Homes Cashback mortgages were launched in March 2024 and have supported tens of thousands of mortgage applications with the additional cash boost.
The deal offers £350 cashback upon completion when customers buy or remortgage property with an in-date Energy Performance Certificate (EPC) rating of A or B.
The cashback is available on a selection of BTL mortgages and is paid in addition to other incentives.
The combination of increased accessibility and additional cashback for energy-efficient homes gives landlords “greater flexibility and supports sustainable property choices”.
By offering cashback, the bank aims to offer “tangible support for sustainable decisions made by landlords who are vital to the UK’s housing supply”.
One Year On: Helping You Add Value with Halifax’s Green Living Reward
Sponsored by Halifax Intermediaries
Oli O’Donoghue, head of mortgages at HSBC UK, commented: “We are committed to helping our customers make sustainable choices, and extending the Energy Efficient Homes Cashback mortgage to BTL properties is a significant step in that direction. Landlords play a vital role in providing quality housing across the UK.
“By expanding our Energy Efficient Homes Cashback mortgage into the BTL market, we are empowering them to make more sustainable choices for their properties and, in turn, for their tenants. This increase in availability, alongside our recent move to increase BTL LTVs, demonstrates our commitment to supporting landlords in a responsible and accessible way.”
The updating of its BTL proposition follows changes HSBC has made, including increasing the maximum loan to value (LTV) on its BTL products to 80% for loans up to £400,000, allowing landlords to secure properties with a smaller deposit.
