Santander customers can get up to £1,500 for making green upgrades to improve their homes.
The bank is offering £1,000 cashback to customers who borrow money to make energy-efficient improvements to their property, including solar panels, heat pumps and insulation.
Those who choose to get solar panels installed through Octopus Energy – which is one of Santander’s ‘trusted partners’ – can also get a £500 discount off their purchase price, bringing customers’ total savings up to £1,500.
Santander’s Greener Homes scheme is available to customers who have a mortgage or personal current account with the bank and choose to make energy-efficient home improvements.
The bank offers two types of loans to help customers make upgrades, including an additional loan which is secured against your home, or a personal loan that isn’t secured against your home.
Santander advises that customers only borrow what they need and can comfortably afford to repay, but there is a minimum borrowing requirement of £5,000.
Once customers have decided on which home improvement they want to do they can get quotes from the bank’s trusted partners, which include Octopus Energy, ScottishPower, Fusion8 and MakeMyHouseGreen, and then apply for a loan. Santander will then issue your cashback reward once the work has been completed.
The bank explains: “Decide which home improvements you want to do and get quotes from our trusted partners. Once you know the cost for the work, you can apply for an additional loan on your existing Santander mortgage or a personal loan.
“When the work’s done, we’ll check if you qualify for the greener homes cashback. We’ll pay your greener homes cashback in your Direct Debit account within 10 business days of the supplier telling us the work is complete.”
To qualify for the £1,000 greener homes cashback, you must meet all of the following eligibility criteria:
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be an existing Santander mortgage or personal current account customer
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get an additional loan on your mortgage or a personal loan from us to pay for the work. Minimum borrowing of £5,000 applies
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set up a Direct Debit to pay for the additional loan or personal loan
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complete your eligible energy-efficient home improvement* through one of our trusted partners shown on our Find Solutions page
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have the work done at the property address of your existing Santander mortgage or Santander personal current account.
Only one greener homes cashback payment is available per household and any work must be finished by September 30, 2025, to qualify.
Octopus Energy adds: “Santander mortgage and personal current account customers who get their solar panels installed through Octopus will receive a £500 discount off their purchase price.
“You could also get £1,000 cashback with Santander’s Greener Homes cashback when you borrow money to make energy-efficient improvements to your home using one of Santander’s trusted partners – bringing total savings up to £1,500.”
