Legal & General Home Finance has launched an Energy Saver Cashback offer across its Flexible and Optional Payment Lifetime Mortgage product ranges to support customers making climatepositive home adaptions.
2 Nov 2020
The Energy Saver Cashback offer has been prompted by the increasing number of over-55s adopting environmentally-friendly lifestyle changes, and Legal & General’s desire to support its customers’ climate-conscious aims.
The offer (which coincides with the government’s £2bn Green Homes Grant** scheme), is now open for applications. The Energy Saver Cashback offer includes a wide range of energy efficient home improvements, which can be viewed here www.legalandgeneral.com/adviser/energy-saver-cashbackoffer, and is available across England, Scotland and Wales.
Improvements covered include double glazing, insulation, ground source or air source heat pumps, solar panels and heating controls. All home improvements on the Legal & General list qualify for the offer, but they do need to be carried out by an approved tradesperson with TrustMark registration.* To help explain how this offer can be used, Legal & General will be hosting a Q&A webinar for advisers at 11am on November 4. Details are available on the ‘Adviser Academy’ portal.
Claire Singleton, CEO of Legal & General Home Finance: "At Legal & General, we believe that taking action to counteract climate change is vitally important, and we are committed to supporting our customers to do this too.
Residential housing is currently the third-largest contributor to CO2 emissions, and as two-thirds of the UK’s housing stock falls below the C grade on Energy Performance Certificates (EPCs), we need to focus on making our existing stock more efficient.
Just a few improvements can make a massive difference to the environment, the bills we pay and a property’s market value. Installing an air source heat pump, for example, could cut a home’s CO2 emissions by 2600 kg per year, saving close to £700 in the process. Even basic changes, such as double glazing and draught proofing, can save hundreds of pounds a year. We want to support our customers who are taking action to reduce their emissions and leave a positive legacy for future generations."
The information contained in this press release is intended solely for journalists and should not be relied upon by private investors or any other persons to make financial decisions.
Notes to editors
Established in 1836, Legal & General is one of the UK's leading financial services groups and a major global investor, with over £1.4 trillion in total assets under management* of which a third is international. We also provide powerful asset origination capabilities. Together, these underpin our leading retirement and protection solutions: we are a leading international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. Through inclusive capitalism, we aim to build a better society by investing in long-term assets that benefit everyone.
*at 31 Dec 2021
Legal & General Retail Retirement’s mission is to help its customers lead longer, healthier, happier lives. We believe everyone should be able to have a ‘more colourful retirement’. The Division comprises the Group’s retirement savings and income, later life lending and care solutions businesses. In 2020, LGRR wrote £910 million of annuity premiums and issued £791 million of lifetime and retirement interest only mortgages.
(As of June 2021)