Green Deal gaining popularity
Westminster wants more information regarding the Green Deal’s performance, launched two months ago to encourage energy-saving home improvements. MPs are curious to know how many property owners have bought into the government backed campaign. Lib Dem Energy and Climate Change Secretary Ed Davey said the initiative is already “making huge progress.”
The National Landlord Association (NLA) agreed, having already received more than 1,000 enquiries. More than half of those who have expressed interest in participating have followed through to the assessment stage.
Following the energy efficiency assessment and required home improvements, the Green Deal is signed and compensation shows up on the electricity bill for the property.
Although the initiative is still in its early stages, landlords are encouraged to act now. By 2016, tenants will be able to demand energy-saving measures are made in their own home. By 2018, properties with an energy efficiency rating of F and G will be taken off the market, deemed unfit to let by the Government.
Prepare for the challenges of becoming a landlord with buy to let property insurance from Discount Landlord