HSBC has expanded its green home loan cashbacks to cover landlords, which the bank says gives buy-to-let owners “another reason to consider investing in the most sustainable properties to rent”.  

The energy efficient home cashback mortgage provides a payment of £350 on completion, when customers purchase or remortgage a property with an up-to-date energy performance certificate rating of A or B.  

The cashback is now available across a selection of BTL mortgages and is paid in addition to any other incentives on the chosen product.

The lender says the move comes after it lifted the maximum loan to value on its BTL products to 80% for loans up to £400,000, allowing landlords to secure properties with a smaller deposit. 

HSBC head of mortgages Oli O’Donoghue says: “Landlords play a vital role in providing quality housing across the UK.

“By expanding our energy efficient home cashback mortgage into the BTL market, we are empowering them to make more sustainable choices for their properties and, in turn, for their tenants.”