Coventry Building Society is extending its Green Together Reward, which offers borrowers an incentive of £500 in return for carrying out work designed to improve their property’s energy efficiency. Borrowers will now have until 31 March 2022 to apply for their mortgage and 31 March 2023 to submit their claim for the reward, an extension of three months.

The Green Together Reward is open to both Residential and Buy to Let borrowers who apply for a new mortgage or change their existing mortgage or terms.

To qualify for the Green Together Reward, borrowers must spend at least £2,500 on improvements designed to make their property more energy efficient, with the works being carried out by a TrustMark Registered Business.

Kevin Purvey, Director of Mortgage Distribution at Coventry Building Society, commented: “The climate crisis that we’re facing is very real and we want to continue to help brokers’ clients make greener choices.

“Our Green Together Reward directly incentivises borrowers to make changes aimed at improving the energy efficiency of their homes, and it’s been very well received by both brokers and borrowers. It’s particularly worth considering for landlords, as the Green Together Reward could help them to ‘future proof’ their properties for the proposed legislation around the EPC ratings of their properties in years to come.

“We’re delighted to extend this offering so that more borrowers can take advantage of this reward for carrying improvements designed to reduce their property’s carbon footprint and make a positive environmental impact.”

For more information on the Green Together Reward, brokers can visit the Coventry for intermediaries website.