How does it work?

Please click on the relevant section to find out.

A Green Deal Plan can help your home become a nicer place to be in a few easy steps. Here’s how it works:

  • A Green Deal plan is a form of loan where your loan and installation come hand in hand. It’s quick and easy to arrange and you only have one company to deal with
  • The repayments for the loan are automatically added to your electricity bill making it very simple to repay
  • The Green Deal is a government endorsed scheme
  • The loan stays with the property if you move out and there’s a new electricity bill payer. The new bill payer takes on the repayments for the loan when they move in – You just need to make sure you’ve told them about it
  • It comes with a guarantee for both the work and the product.
  • The loan terms are generally longer than normal consumer credit loans. This means the repayments each month may be more affordable
  • Check out our animation for more information
  • A Green Deal Provider will arrange the assessment of your home and installation of the improvements

I HAVE A GREEN DEAL PLAN

If you have an enquiry about your Green Deal Plan please contact your GDP. Contact details for the GDPs can be accessed here.


I AM INTERESTED IN A GREEN DEAL PLAN

Please fill in the following form to help us direct your query.

WHAT HAPPENS IF I SELL?

The plan is linked to your property, rather than you, so when you move out the plan remains with the property.  However, you must make sure the new bill payer is aware of the plan

If you are selling your property as a landlord, please tell your solicitor or conveyancer that you have a Green Deal Plan.  They can take all the necessary steps for you.

  • With a Green Deal plan, you can add value to your property. The products installed will make the property more attractive for tenants to live in and may increase the value of the property itself
  • Under a Green Deal Plan there is a minimal financial outlay for you. Your tenants will repay the Green Deal Loan through their electricity bills. Tenants benefit from a warmer, more efficient, home and are given protection against rising energy costs through the efficiency of the products installed
  • Under the “Golden Rule” the cost to repay the loan should be covered by the energy savings following the installation. This means that if your tenants are typical energy users, their electricity bill is estimated not to increase. See more details on how the Golden Rule works here
  • From the 1st April 2018, there will be a legislative requirement for any properties rented out in the private rented sector to have a minimum energy performance rating of E on an Energy Performance Certificate (EPC)
  • A civil penalty of up to £4,000 will be imposed for breaches

If you are interested in a Green Deal Plan, please fill in the following form to help us direct your query.


WHAT HAPPENS IF I SELL?

The plan is linked to your property, rather than you, so when you move out the plan remains with the property.  However, you must make sure the new bill payer is aware of the plan

If you are selling your property as a landlord, please tell your solicitor or conveyancer that you have a Green Deal Plan.  They can take all the necessary steps for you.


WHAT HAPPENS WHEN I GET A NEW TENANT?

Please make sure your new tenant is aware before they move in – the easiest way is to include a provision in your standard lease agreement.

  • A Green Deal Plan can be a great way to improve the home you’re living in – even if you don’t own it
  • A Green Deal Plan is an arrangement by your landlord to install energy efficient home improvements to your property. However, unlike conventional arrangements, the repayments for a Green Deal Plan are added to the electricity bill of the property and so are paid for by you. The improvements are all designed to save money on the energy bills
  • The repayments for the loan in the first year cannot exceed the energy savings that a typical user would save. So if you’re a typical energy user, the improvements shouldn’t cost you any more than what you are currently paying
  • The loan stays with the property when you move out. So you can be confident that you will only be responsible for it whilst you’re benefiting from the improvement
  • The Green Deal is a government endorsed scheme
  • Under the “Golden Rule” the cost to repay the loan should be covered by the energy savings following the installation. This means that if you are typical energy users, your electricity bill is estimated not to increase. See more details on how the Golden Rule works here
  • From the 1st April 2018, there will be a requirement for any properties rented out in the private rented sector to have a minimum energy performance rating of E on an Energy Performance Certificate (EPC)
  • The regulations will come into force for new lets and renewals of tenancies with effect from 1st April 2018 and for all existing tenancies on 1st April 2020

Through a Green Deal Plan, landlords can be required to comply with the legislation – so, if you’re interested in finding out more, please fill in the following form we’ll put you in touch with a Green Deal Provider who can help.