Landlords Register Now!
If ever a scheme was put into place to benefit landlords and second home owners in the UK the Green Deal is it.
Imagine this, if I came up to and said I will replace the old windows and doors, replace the old boiler and insulate the roof and walls in the property you rent out. The first question you would ask is how much is this going to cost me? If I replied nothing you would assume I was insane or a great big liar. In affect though, the Green Deal is doing exactly that. Under the Green Deal you will be able not only to upgrade the look of your house but also the energy efficiency of the property. One thing that is synonymous with rented properties across the UK is that expensive home improvements are often put off until the last minute due to cost or time constraints or both.
This has a two fold effect, one you have unhappy tenants they wish to have fully functioning good looking property and rightfully expect you to keep it up to date, secondly you can be left with an unattractive property that is more difficult to lease, both headaches you can do without. The Green Deal scheme will allow you to do all these necessary improvements without it costing you a penny.
First of all fill out the form below and Green Deal Assessor/Advisor will visit your property and make the necessary recommendations, once the Green Deal advisor has done his part these recommendations are passed through to the Green Deal provider which will arrange the finance all that’s left then is to instruct a Green Deal installer to carry out the project. At no point during the Green Deal process will you have to spend any money.
How is the Green Deal loan repaid?
It’s not, well at least not by the landlord. When a landlord instructs a Green Deal project to go ahead the repayments are made via the electricity bill, which means the tenant responsible for the utility bill pays the loan off. This may sound a little unfair on the tenant, NO because of all the energy efficiency measures that have that the Green Deal has put in place on the property the tenants electricity consumption will be reduced therefore resulting in lower bills, the Green Deal loan will be set over a fixed number of years 10,15 maybe 25 years and the resulting savings made by the improvements will go towards paying the loan back. So the tenant will be paying the same or lower for their bills as they do already but have a beautifully presented energy efficient property to live in. So the summary is you the landlord get an updated, energy efficient easy to rent out property at no cost to yourself and you tenants get the property they want without either of you paying out more than you do already.
Is the tenant worried about being responsible for the debt?
NO NEED, the responsibility of a Green Deal loan lies with the property, The Green Deal is neither credit checked nor means tested and when somebody moves out of their property whether they are a tenant or a homeowner the debt is repaid by the next occupier through the electricity bill as it was previously.
So in summary the Green Deal is what landlords have been waiting. Fill the form out below and we will get the ball rolling for you.
This service is completely free.
