Standard Life Home Finance is pleased to announce the introduction of an innovative Energy Performance Certificate (EPC) scheme aimed at encouraging homeowners to take proactive measures towards enhancing the sustainability of their properties. This initiative exemplifies the company’s dedication to supporting environmentally-friendly housing solutions.
Under the newly implemented scheme, individuals who complete a Horizon or Horizon Interest Reward lifetime mortgage will have the opportunity to arrange a complimentary EPC assessment through Vibrant Energy Matters. Furthermore, properties that achieve an outstanding EPC A rating will be rewarded with a substantial cashback of £1,000. Those attaining an EPC B rating will also qualify for a generous cashback reward of £500.
Additionally, homeowners holding a valid EPC certificate from the past five years for properties aged 10 years or older, or at any time for properties aged less than 10 years, will be entitled to cashback for achieving A or B ratings.
This enticing proposition is exclusively available to customers choosing the Horizon and Horizon Interest Reward plans and can be accessed through any whole of market adviser registered with Standard Life Home Finance.
In cases where the funds from the lifetime mortgage are utilized for the purchase of a new home, customers will be eligible for cashback based on an existing EPC certificate, but not for a complimentary EPC evaluation.
Sanjay Gadhia, the head of sales at Standard Life Home Finance, expressed his enthusiasm about the new scheme, stating, “In recent years we’ve seen green mortgages, sustainable housing, and EPC considerations rise rapidly up the agenda for homeowners, so we’re excited to be offering free EPCs to our customers. People have experienced serious shocks to their bills in recent years, from the gas price shock in 2022 to the energy price cap expected to fall by 7%, so having a good EPC rating is not only important for the climate but for our customers’ wallets too.”
He further highlighted the financial benefits for customers with lower EPC ratings, explaining that the cashback incentives for the most sustainable and energy-efficient properties will serve as motivation for homeowners to invest in their properties. Moreover, he emphasized that the funds released with a lifetime mortgage can facilitate home improvements, resulting in a more eco-friendly residence with reduced energy expenses. Gadhia advised potential customers to seek guidance from an adviser before proceeding with this option.
All in all, the introduction of this EPC scheme by Standard Life Home Finance represents a commendable effort towards promoting sustainability and energy efficiency in housing. It is undoubtedly a positive step towards creating a greener and more eco-conscious future for homeowners.