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  • FIRST POST
    • iscamaid
    • By iscamaid 14th Jul 17, 8:18 PM
    • 269Posts
    • 528Thanks
    iscamaid
    selling a house with solar panels fitted under rent a roof scheme
    • #1
    • 14th Jul 17, 8:18 PM
    selling a house with solar panels fitted under rent a roof scheme 14th Jul 17 at 8:18 PM
    We had solar panels fitted in 2012 from Homesun under the free rent a roof scheme. They are now administered by Anesco we believe. We want to sell our house in the next couple of years and realise just how difficult it will be. Has anyone had similar problems - the cost of buying them out seems excessive now the feed in tariff is so low. I would love to just remove them but don't know the legal implications. I am even wondering about hiring a solicitor to enquire about getting out of the contract. Any advice at all please on this. Please don't judge - at the time I thought this was a great green scheme and now regret it bitterly.
Page 2
    • eddddy
    • By eddddy 17th Jul 17, 12:45 PM
    • 5,525 Posts
    • 5,215 Thanks
    eddddy
    Ok, I contacted Anesco who are now managing the Homesun contracts. they appeared to be very clued up on house sales and I asked a number of questions around the terms and buying out the PV array:
    Originally posted by iscamaid
    If you want to sell with the panels, important questions to ask are...

    1. Does the lease conform to CML (Council of Mortgage Lenders) Handbook minimum requirements?
    See https://www.cml.org.uk/lenders-handbook/solar-panels-and-the-lenders-handbook/

    2. Does the lease contain a valid mortgagee break right which is exercisable on repossession?
    See: https://www.cml.org.uk/lenders-handbook/englandandwales/question-list/2115/

    3. Do you have a list of mortgage lenders who have accepted your leases in the past?


    If they answer "yes" to 1 and 2 (and they're not fibbing), a 'keen' buyer might be able to get a mortgage. But it would be extra work for the buyer, and they might expect you to accept a lower offer.
    • iscamaid
    • By iscamaid 17th Jul 17, 3:48 PM
    • 269 Posts
    • 528 Thanks
    iscamaid
    eddy, you are a star. thank you very much for this, you have been extremely helpful and I appreciate it. I have checked with Anesco and this is their response:

    Good Morning,

    Firstly, for clarity, Anesco Limited is solely the operations and maintenance provider on behalf of Homesun Limited. The lease was and still remains with Homesun.

    At the time of entering in to the free solar lease it was fully compliant with the CML guidelines, however due to these guidelines being updated the lease is no longer compliant with the standard CML requirements.

    In order to bring the lease into line with the current CML guidelines the homeowner will need to enter into Homesun’s precedent Deed of Variation. I attach the Deed and CML letter for yours/the lenders review.

    Once happy, the homeowner will need to execute two originals and return both originals for my attention to:

    Homesun Limited
    C/o Unit 9
    The Green
    Easter Park
    Benyon Road
    Reading
    RG7 2PQ

    Once in receipt of both originals, we shall execute both, retain one original for our records and return one along with a certified copy Power of Attorney in order for the homeowner/solicitor to register at HM Land Registry. Once in receipt of a Completion of Registration certificate from Land Registry we shall be in a position to provide the lender with a signed CML letter if required.

    Once all parties are happy with the Deed of Variation and CML letter please inform me and I shall issue an engrossment Deed for signing.
    Please note, no amendments will be permitted to either document.






    they have attached a lengthy document to sign which after my stupidity of entering into this agreement I will ask a solicitor to re and explain fully to me. Out of interest I have checked and since installation approx. 5 years ago the array has generated 24159 kwh which if the rate is 42p a kwh has made £10,146 for Homesun/Anesco.
    • sevenhills
    • By sevenhills 17th Jul 17, 6:15 PM
    • 757 Posts
    • 268 Thanks
    sevenhills
    eddy, you are a star. thank you very much for this, you have been extremely helpful and I appreciate it. I have checked with Anesco and this is their response:
    Originally posted by iscamaid
    Not sure why he thinks I am just making things up, lol
    • iscamaid
    • By iscamaid 17th Jul 17, 6:28 PM
    • 269 Posts
    • 528 Thanks
    iscamaid
    Sevenhills, hope all goes ok, if you get the property with solar panels it sounds like you have a good buy. One thing you might want to check is when they were installed. They come with an inverter which needs replacing every 6-10 years, you might want to find out when it needs replacement as it can be a few hundred - though your electric savings will offset this as it is a one off purchase.
    • eddddy
    • By eddddy 17th Jul 17, 6:40 PM
    • 5,525 Posts
    • 5,215 Thanks
    eddddy
    Not sure why he thinks I am just making things up, lol
    Originally posted by sevenhills
    I don't think you're making things up.

    You ask questions and I answer them. But you don't read the answers. So your follow up questions don't make sense.

    If there's anything you don't understand in my answers, just say, and I'll happily explain.
    • Kinbobs
    • By Kinbobs 2nd Aug 17, 6:43 AM
    • 8 Posts
    • 1 Thanks
    Kinbobs
    We are in the process of selling our house with A Shade Greener Solar Panels. Our biggest problem is the company not responding to our solicitors. Hope all goes well for you
    • cjmillsnun
    • By cjmillsnun 2nd Aug 17, 12:20 PM
    • 340 Posts
    • 223 Thanks
    cjmillsnun
    As someone who is buying a house that has the airspace leased (to freetricity) it has been nothing but a massive pain in the backside. Depending on the mortgage lender the lease may have to be terminated before completion.

    Thankfully we are now with a different mortgage lender who accepts the plan to buy out the panels on completion.

    Be very aware that some lenders won't lend at all on rent a roof schemes. Others will when the lease is to CML guidelines and others demand conditions on top of that.
    • Kinbobs
    • By Kinbobs 7th Aug 17, 6:38 PM
    • 8 Posts
    • 1 Thanks
    Kinbobs
    Asg
    Hi
    We have solar panels from ASG. We are trying to sell our house. In the Deed of Variation they have put that they will charge to take the system off for roof repairs etc. In the original Lease and what we were told when we agreed to have them fitted is that they would remove them twice at no cost. What buyer is going to agree to being charged? Anybody had a similar experience?
    • Nigem
    • By Nigem 4th Oct 17, 9:31 AM
    • 1 Posts
    • 0 Thanks
    Nigem
    Hello I have been reading this thread with great interest. I am in the position of selling a house with a roof rent system. I am having the same problems as other sellers due to the mortgage lenders guidance being different now to when the panels were installed I too have to have a deed of variation signed and then wait for the land registry to action this. I believe the solar panel issues I've added four weeks to my very long process already we are now on week 13 in a chain of only three people the solicitor is starting to lose patience with Enesco and that change of terms and conditions from when I first put the house on the market
    • D00gie72
    • By D00gie72 4th Oct 17, 9:45 AM
    • 149 Posts
    • 164 Thanks
    D00gie72
    Just to add, I sold a house with "rent a roof" Solar panels in 2014. The first thing you need to do is check if your lease is Compliant with Council of Mortgage lenders recommendations. If you panels were installed in 2012 they may not be but that's not the end of the world. Our lease was started in 2011 and it was not CML compliant. We had to liaise with the Solar energy supplier and get our lease amended this is called a Deed of Variation. Once that was in place the sale went through smoothly enough - but we had previously lost a buyer as they got scared off by all the paper work. My advice is get any Deed of Variation done now before you put your house on the market. There will be buyers out there who will be put off by the panels - as they would of read scare stories in the press etc etc - and some solicitors would of come across issues with these in the past so potentially could put people off. However if your lease is compliant you should not have any issues and I would point this out to any potential buyers right from the beginning as it shows you have investigated and covered any issues in advance. Good Luck!
    • iscamaid
    • By iscamaid 16th Nov 17, 8:27 PM
    • 269 Posts
    • 528 Thanks
    iscamaid
    Just to add, I sold a house with "rent a roof" Solar panels in 2014. The first thing you need to do is check if your lease is Compliant with Council of Mortgage lenders recommendations. If you panels were installed in 2012 they may not be but that's not the end of the world. Our lease was started in 2011 and it was not CML compliant. We had to liaise with the Solar energy supplier and get our lease amended this is called a Deed of Variation. Once that was in place the sale went through smoothly enough - but we had previously lost a buyer as they got scared off by all the paper work. My advice is get any Deed of Variation done now before you put your house on the market. There will be buyers out there who will be put off by the panels - as they would of read scare stories in the press etc etc - and some solicitors would of come across issues with these in the past so potentially could put people off. However if your lease is compliant you should not have any issues and I would point this out to any potential buyers right from the beginning as it shows you have investigated and covered any issues in advance. Good Luck!
    Originally posted by D00gie72

    I have now updated the Land Registry with a Deed of Variation and made certain it is CML compliant. It took a number of weeks but hopefully now it is done we will be in a better position once we put the house on the market. I have approached my mortgage broker as my mortgage tie in period had ended and I now want a better deal. I have had several month of niggles trying to get a better rate from brokers, Skipton wanted a full structural engineers report on the roof before they would offer me a remortgage (I went elsewhere at this point). It does give me a foretaste of some of the problems I will get when I sell. Never, never again will I put up solar panels, either my own or rent a roof! I honestly would think that in these so called eco-friendly times it would not be this hard to try and go green.
    • ComicGeek
    • By ComicGeek 16th Nov 17, 9:31 PM
    • 251 Posts
    • 196 Thanks
    ComicGeek
    I honestly would think that in these so called eco-friendly times it would not be this hard to try and go green.
    Originally posted by iscamaid
    That's the problem - it's only eco whitewash, and artificially supported by Government by means of the feed in tariffs. No-one does it solely for the eco-friendly aspect - it's the economic aspect that works.

    If the FITs were removed tomorrow then no-one would install solar panels on existing buildings, and the whole industry would be wiped out.

    The rent-a-roof schemes are just a con, and it's disgusting that the Government didn't ban them from the start - the only winners are the companies involved, and they just happen to be the dodgy ones!
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