Landlords look to Green Deal

Published on

Two-thirds of private landlords would consider taking advantage of the Government’s Green Deal scheme to improve energy efficiency in their properties, according to a survey by the National Landlords Association (NLA).

The survey comes as Parliament prepares for the report stage of the Green Deal today.

The NLA says it would likely be available to property owners from October 2012.

Under the deal, loans would be offered to landlords for making energy efficiency improvements to their let properties, such as loft and wall insulation. The loan would be repaid through a levy added to utility bills. Energy savings from improvements would result in lower energy bills overall.

The NLA survey found 24% of landlords would definitely take advantage of the Green Deal, while a further 38% would consider it. A further 21% of landlords are unsure about the deal and 17% say it has no appeal.

Landlords say the main reasons for considering the Green Deal would be to reduce energy consumption and bills for tenants, add value to the property and to become more eco friendly.

David Salusbury, NLA chairman, said: “The Green Deal presents an excellent opportunity for landlords to improve the energy efficiency of their properties

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Equity Release Group launches adviser network

Equity Release Group has launched a specialist adviser network aimed at helping firms expand...

Gen H puts underwriters on front line of broker enquiries

Gen H has restructured its sales and underwriting teams in a move designed to...

UK house price growth stalls as rents continue rising

UK house price growth stalled in March as higher mortgage rates and affordability pressures...

Scottish house prices outperform UK market

Scottish house prices continued to outperform the wider UK market in March despite signs...

Property wealth set to play bigger role as pension savings fall short

The growing reliance on defined contribution pensions is likely to increase the role of...

Latest publication

Other news

Equity Release Group launches adviser network

Equity Release Group has launched a specialist adviser network aimed at helping firms expand...

Gen H puts underwriters on front line of broker enquiries

Gen H has restructured its sales and underwriting teams in a move designed to...

UK house price growth stalls as rents continue rising

UK house price growth stalled in March as higher mortgage rates and affordability pressures...