Coventry for intermediaries offers a £500 incentive for clients keen to make energy-efficiency improvements
The newly launched Green Together Reward is an initiative to help customers try and reduce the energy they use in their properties. Under the scheme, clients can claim a £500 reward when they spend at least £2,500 on improvements aimed to make their property more energy efficient.
The Green Together Reward is open to both residential and Buy to Let customers who apply for a new mortgage with Coventry Building Society or change their existing mortgage or terms before the end of the year. The list includes first time buyers and clients who apply for further borrowing.
More than 20 types of energy-efficiency improvements qualify for the reward. Clients can choose up to six from the list on the website as long as they spend at least £2,500 and the work is carried out by a TrustMark Registered Business.
Kevin Purvey, Director of Mortgage Distribution at Coventry Building Society says, “According to the Energy Saving Trust, around 22% of the UK’s carbon emissions come from our homes and buildings. That’s a significant amount but we can take steps to reduce our impact on the environment if we improve a property’s insulation, change the way it’s heated, or switch to renewable energy. It could also mean lower energy bills.
We’re aiming to reduce the energy and resources we use in our branches and offices – and we feel it’s important that we also play our part in improving the environmental impact of the property industry. If you have clients currently applying for a mortgage, it’s worth making them aware of schemes that set out to help with the cost of energy-efficiency improvements.”
The Green Together Reward is completely separate to the mortgage application and won’t delay a client’s borrowing being considered. Brokers should submit their application as usual, then ask their client to fill in a simple, separate application form for the Green Together Reward. Both applications must be submitted before 31 December 2021.
Clients will have until 31 December 2022 to choose their energy-efficiency improvements, get the work carried out and claim their one-off payment of £500.
To see who’s eligible, the types of improvements that qualify and the full terms and conditions, go to https://www.coventrybuildingsociety.co.uk/intermediaries/products/green-together-reward
And there’s plenty more information about the Green Together Reward for clients at https://www.coventrybuildingsociety.co.uk/member/mortgages/green-together-reward.html
