Author Topic: New Energy efficiency Green Deal to start next year  (Read 3253 times)

0 Members and 1 Guest are viewing this topic.

Banjo

  • Junior Member
  • **
  • Posts: 71
  • Giggerdy-Giggerdy
New Energy efficiency Green Deal to start next year
« on: June 06, 2011, 12:07:09 pm »
Under "Green Deal", homeowners will be able to borrow up to £10,000 to pay for energy efficiency improvements to their homes such as a new boiler or better insulation.

The loan plus interest would be paid through energy bills over a period up to 25 years. The debt would be with the home not the owner so a new owner would take over the remaining repayments if the home were subsequently sold.


Greenfinger

  • New Member
  • *
  • Posts: 26
  • The Plantsman
Re: New Energy efficiency Green Deal to start next year
« Reply #1 on: June 06, 2011, 12:46:39 pm »
Having an unpaid  loan may make the home more difficult to sell!

How does this work when you switch energy suppliers?


The Prophet

  • Global Moderator
  • Senior Member
  • *****
  • Posts: 364
  • Country: england
  • Financial & Economics commentator
Re: New Energy efficiency "Green Deal" to start next year
« Reply #2 on: June 11, 2011, 11:32:04 am »
More debt for home owners!
Not a good idea imo

Philofacts

  • Global Moderator
  • Senior Member
  • *****
  • Posts: 455
  • Country: england
  • New Home Expert
    • Brand New Homes
Re: New Energy efficiency Green Deal to start next year
« Reply #3 on: June 18, 2011, 09:09:50 am »
The subsidised "borrowing costs" could be added to everyone's energy bills.
Either by higher prices or increasing the Vat rate for fuel. 

The new energy-efficient gas boilers are not all good news.
See Condensing Boilers for more information
Make a Donation - If you found the information and advice helpful.
The premier information website for the UK new home buyer.