Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

Lloyds Pays £2.5m in Green Living Reward Cashback via Intermediaries

Lloyds Banking Group has paid £2.5 million to customers through its Green Living Reward scheme via the intermediary channel. L&C Mortgages was recognised as the leading broker firm passing the most cashback through the scheme.

The Green Living Reward scheme offers cashback to customers who complete eligible energy-efficiency measures in their homes. According to Lloyds, the funding has helped customers reduce emissions, lower energy costs, and support longer-term sustainability improvements. The bank stated that the scheme provides practical ways for customers to cut costs at a time when household bills remain under pressure.

Across all of its distribution channels, Lloyds has now paid £6 million through the Green Living Reward scheme. The bank also praised the role of intermediaries in helping customers access the scheme and realise its benefits.

For letting agents and inventory clerks, the scheme highlights ongoing efforts by major lenders to incentivise energy efficiency improvements in UK homes. This may impact property standards and tenant expectations, as more landlords and homeowners seek to benefit from such incentives.