New Home Owners And Snagging Forum
Home Owners => Energy => Topic started by: Banjo on June 06, 2011, 12:07:09 pm
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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.
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Having an unpaid loan may make the home more difficult to sell!
How does this work when you switch energy suppliers?
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More debt for home owners!
Not a good idea imo
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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 (http://www.brand-newhomes.co.uk/condensing_boilers_in_new_homes.htm) for more information