How Your Mortgage Could Help You Pay for a Heat Pump in Yorkshire & Lincolnshire 💸🏡

Busy Energy Ade
Aug 29
4 min read

Looking to make your home greener without breaking the bank?

If you’re buying a home - or already own one with a mortgage - there could be cash sitting in your mortgage waiting to help you go green. Some lenders are now offering cashback if you install a heat pump, making it easier than ever to upgrade your heating and save on energy bills.

At Busy Energy, we’re helping homeowners across Yorkshire and Lincolnshire tap into this little-known perk - and combining it with government grants to slash the cost of a heat pump install.

Some mortgage lenders are rewarding energy-efficient upgrades by offering cashback (up to £2,000 in some cases!) when you install a heat pump.

Take a look below 👀

Lloyds Bank – Eco Home Reward

Lloyds is offering £2,000 cashback to eligible mortgage customers who install a heat pump.

Key details:

£2,000 cashback for heat pump installation
£1,000 cashback for solar panels or a battery
£500 cashback for completing other eligible home improvements like insulation
Available to Lloyds mortgage customers applying for a new mortgage, additional borrowing, or switching to a new deal after 31 July 2024
You can choose your own MCS-certified installer such as Busy Energy

Learn more about Lloyds Eco Home offers.

Halifax – Green Living Reward

This one’s almost identical to the Lloyds offer. Unsurprising since they’re part of the same banking group. Halifax mortgage customers can claim £2,000 cashback as long as they use an MCS-certified installer.

Key details:

£2,000 cashback for heat pump installation
£1,000 cashback for solar panels or a battery
£500 cashback for completing other eligible home improvements like insulation
Available for Halifax mortgage customers applying for a new mortgage, additional borrowing, or switching to a new deal after 31 July 2024
You can choose your own MCS-certified installer such as Busy Energy

Check out Halifax Green Living offers.

Barclays – Greener Home Reward

Barclays also offers £2,000 cashback to support green upgrades like heat pumps. You’ll need a eligible residential mortgage with the bank and go through a TrustMark registered or Microgeneration Certification Scheme (MCS) certified business such as Busy Energy

Key details:

£2,000 cashback for installing a heat pump
For Barclays residential mortgage customers
Don't need to borrow more money or take out a loan from Barclays to be eligible
Must use a TrustMark registered or Microgeneration Certification Scheme (MCS) certified business

Explore Barclays Greener Home Reward.

Virgin Money – Green Reward

Virgin Money takes a smaller but still helpful approach, offering £250 cashback for eligible green home improvements, including heat pumps. Unlike the first three schemes, this one’s only available when applying for additional borrowing. The good news? You’re still free to choose your own installer such as Busy Energy

Key details:

£250 cashback for green home upgrades
Must be applying for additional borrowing to improve your home
Available to existing Virgin Money residential or buy-to-let mortgages
You can choose your own installer such as Busy Energy

Learn more about the Virgin Money Green Reward.

Virgin Money also offers Greener Mortgages, giving customers access to lower rates when buying a new-build home with an A or B Energy Performance Certificate (EPC).

Virgin Money Greener Mortgage info.

Nationwide – Green Reward & Green Additional Borrowing

Nationwide offers two green finance options. One for buyers moving into an energy-efficient home, and another for existing customers looking to upgrade their current one.

Nationwide Green Reward

If you're buying a property with a high Energy Performance Certificate (EPC) rating using a Nationwide mortgage, you could earn up to £500 cashback just for choosing a greener home.

Key details:

£500 cashback for properties with an EPC score of 92 or above
£250 cashback for properties with an EPC score between 86 and 91
Available to first-time buyers and home movers using a Nationwide mortgage
EPC must be registered on the government’s online EPC register within two weeks of completing the mortgage

Nationwide Green Additional Borrowing

If you're already a Nationwide mortgage customer and planning to make your home more energy-efficient, the Green Additional Borrowing scheme could help. You can borrow up to £20,000 at a 0% interest rate. Ideal if you’re switching to a Heat Pump.

Key details: