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Green deal for landlords
henmuffin
Posts: 312 Forumite
Have any of you landlords got the green deal for your rental property? I'm just wondering how it went.
Started comping February 2012
Wins so far:
Mascara, dry shampoo, chocolates, Loreal Elvive goody bag.Pot noodle fork , maggi mix, couscous,
Wins so far:
Mascara, dry shampoo, chocolates, Loreal Elvive goody bag.Pot noodle fork , maggi mix, couscous,
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Comments
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I'm really interested to know this too. I have been considering suggesting this to my tenants. Just replying to bump your post in the hope that someone with experience comes along.24.06.14 12 st 12 lb (waist 45" at fattest part of belly)
7.10.14 11 st 9 lb
26.02.15 12 st 5 1/2 lb
27.05.15 11 st 5.6 lb
4.8.17 11 st 1lb
Target weight: 10 1/2 stone0 -
I'm really interested to know this too. I have been considering suggesting this to my tenants. Just replying to bump your post in the hope that someone with experience comes along.
Why would your tenants wish to pay for your improvements through higher energy bills?
On the other hand, we are in the last few months of LESA, Landlords Energy Saving Allowance, if you want to make tax-deductible environmental improvements.0 -
I've had a few greendeals done. I am a landlord who rents out low cost housing. It is very expensive to upgrade my properties even with the help of a GDHIF voucher. I and the Greendeal company explain to the tenant how it works and if there happy to go ahead with it. If they agree then we go ahead. The tenant should see at worst no change in their fuel bill. however the problem comes when a new tenant takes over the property, even though you explain it that its new heating system and EWI etc they have no experience of the previous high bills so it becomes a harder sell. For a long term tenant who you cant afford to install the measures , I think its a good idea, otherwise think carefully, The labour party claim they will provide[or make the utilities provide] interest free loans,, that will be a serious game changer.0
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As a tenant, I wouldn't rent a property with a green deal burden attached to it, unless the rent was roughly that amount lower than the going rate.0
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Why would your tenants wish to pay for your improvements through higher energy bills?
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Their energy bills do not go up. So they get upgrades to their property at no cost to them. This also leaves me with a bigger budget to cover other upgrades that they would like.24.06.14 12 st 12 lb (waist 45" at fattest part of belly)
7.10.14 11 st 9 lb
26.02.15 12 st 5 1/2 lb
27.05.15 11 st 5.6 lb
4.8.17 11 st 1lb
Target weight: 10 1/2 stone0 -
Property A has energy rating C due to recent landlord investment. Rent £750pm. Anticipated energy bills maybe £100pm.
Property B also has energy rating C, due to green deal. Rent also £750. But the bills will be £130pm because of green deal.
Property C has energy rating F. The rent is £700pm due to condition of property. The bills will be around £140pm.
Which one do you rent? The one where the landlord has invested in their property, or the one where they make their tenant do it? Or the one that could use some love but has lower rent?
It's definitely not going to be property B.0 -
Their energy bills do not go up. So they get upgrades to their property at no cost to them.
The bills do not really go down either until the upgrades are paid off: The upgrades are paid for by a loan, with interests, paid through the energy bills.
Another issue for tenants is to know that there is a green deal.
If they discover it (as is likely) when the get their first bill they might not be so pleased. Especially of the rent is higher due to the 'recent upgrades'...
The one getting the upgrades at no cost is the landlord.0
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