Green Deal finance enables you to pay for home energy efficiency improvements through your electricity bill. Originally set up by the Government in 2012, it is relaunching this Spring to enable home owners and those in rented accommodation make those necessary changes to their property to make their home warmer and save energy.
Green Deal loans are different from normal personal credit as repayments are set up on your property’s electricity bill. If you move home during this time the new electricity bill payer for the property, will pick up outstanding payments. You only pay whist you’re benefiting!
The amount that you can borrow is the estimated energy saving expected for the lifetime of the improvement measure installed. For example, a loan for solid wall insulation would be taken over 25 years.
Green Deal is a fully audited programme from survey through to installation, focusing on high quality installations, all installers and surveyors are fully accredited for GD.
GD also offers extra piece of mind, knowing that any products you purchase are covered under the Consumer Credit Act. All products feature a manufacturer’s warranty and an additional 10 year insurance backed guarantee.
Green Deal can help landlords and tenants to improve their homes too. Landlords need to achieve the new regulation of an EPC rating of E or above, and tenants will benefits from a warmer home. As the repayments are made by the bill payer they will be transferred from tenant to tenant.
Applying for Green Deal
The process of applying for GDF couldn’t be more straight forward. A survey of your property will be completed allowing a Green Deal advice report to be created. From this report we will explain the measures that have been recommended for your property. Provide quotes for any work you would like to progress with and then you will be able to apply for GDF*.
We will take you through the process of the Green Deal application and install the required energy saving improvements to your property. This could include a new boiler, insulation or even renewable heat products.
For more information call 0800 840 6813, email [email protected] and one of the team will be happy to help further.
*subject to status and credit checks.
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