Government plans to improve the energy efficiency of the UK’s homes involve as “Pay as You Save” scheme that will provide long-term loans to householders keen to install additional insulation, solar panels, wind turbines and the like. The eco-loan will be repaid in instalments that should amount to less than the savings made on energy bills. However, [...]
Couple of questions:
- is primary legislation needed to allow mortgage to be on the property (ie kept with the property beyond the eventual sale or default). This appears to be an advantage to me, so long as energy savings are still being made, new owner will not have to pay anything and will get the benefit.
- who's going to finance the loan - the orginal mortgage company or AN Other?
- how would this apply to leasehold property
Green homes plan raises eco-mortgage concerns
Re: Green homes plan raises eco-mortgage concerns
