HSBC UK has expanded its Energy Efficient Homes Cashback (EEHC) mortgage to include buy-to-let (BTL) landlords, offering them a £350 cashback incentive when purchasing or remortgaging energy-efficient properties.
The move builds on recent changes by the bank to increase accessibility in the BTL market, raising the maximum loan-to-value (LTV) on BTL products to 80% for loans up to £400,000.
HSBC UK said this combination of higher LTV limits and additional cashback will give landlords greater flexibility while encouraging sustainable investment choices.
The EEHC mortgage, first launched in March 2024, pays out £350 on completion when customers purchase or remortgage a property with an in-date Energy Performance Certificate (EPC) rating of A or B.
The cashback is available in addition to any other incentives offered on the product.
Since launch, tens of thousands of mortgage applications have benefited from the scheme, with HSBC UK’s Broker Barometer showing strong demand for ‘green’ mortgages.
A quarter (25%) of brokers surveyed said cashback incentives are often a deciding factor in whether clients proceed with an application.
Oli O’Donoghue, head of mortgages at HSBC UK, said: “We are committed to helping our customers make sustainable choices, and extending the Energy Efficient Homes Cashback mortgage to buy-to-let properties is a significant step in that direction.
“Landlords play a vital role in providing quality housing across the UK. By expanding our Energy Efficient Home Cashback mortgage into the buy-to-let market, we are empowering them to make more sustainable choices for their properties and, in turn, for their tenants.
“This increase in availability, alongside our recent move to increase BTL LTVs, demonstrates our commitment to supporting landlords in a responsible and accessible way.”
