Homeowners looking to remortgage could be quids in thanks to a new initiative from Santander. The bank is offering lower interest rates to those with energy-efficient homes – but you’ll need to act fast!

From September 24th, borrowers with an Energy Performance Certificate (EPC) rating of A or B will be eligible for Santander’s new green remortgage deals. These deals offer a 0.1% discount compared to the bank’s standard rates, potentially saving you hundreds of pounds a year.

Both residential and buy-to-let (BTL) mortgages are included in the offer, which covers fixed-rate deals over two or five years. You can borrow between 60% and 85% of your property’s value.

There are a few things to keep in mind. Firstly, you’ll need a valid EPC certificate for your property, which must be registered on the government’s website. While Santander won’t need a copy of the certificate, they will be checking the register to confirm your eligibility.

This green initiative is not Santander’s first foray into rewarding eco-conscious homeowners. Earlier this year, the bank launched its “Greener Homes Hub,” offering cashback incentives of up to £500 for energy-efficient home improvements.

In other news, Santander has withdrawn its two-year tracker rate mortgages for new and existing BTL customers.