Although it's early days for the Green Deal and with a long lead in time there is the opportunity to address the practical issues, there are three major snags that already spring to mind:
1) Apparently the tenant can place an order for improvements under the Green Deal. Firstly this may breach the terms of their tenancy agreement and secondly, the landlord may not want some of these improvements. For example I deal with a private landlord with a large stock of early 20th century cavity walled houses. He does not want thse walls insulated as he is concerned about problems such as damp caused by insulating narrow cavities that may have rubble/debris.Can the landlord rely on The Green Deal provider, who is driven by the profit motive, to consider the long term 'health' of the property and what will happen if damage follows?
2) What are the legal implications for conveyancing and has this industry been consulted? - bearing in mind that there were concerns about the solar photovoltaic 'rent a roof' schemes.
3)As an incoming tenant or purchaser, if you receive an EPC for a property with a good rating because various energy efficiency improvements have been carried out, this may rightly make the property seem more attractive. However, if these improvements have been carried out under the Green Deal you will not actually get the full benefit as some of the 'savings' are going to repay the Green Deal loan. Effectievly, you could have two properties with identical EPC's but one (with improvements funded by the owner) will result in lower fuel bills for the new occupier than the other (funded by The Green Deal). How can you tell this when looking at the property or is it going to be obvious from the EPC? In that case, surely the whole EPC and not just the front sheet needs to be provided. If all the information is going to be on the new style EPC, surely all old EPC's will be obsolete as they will look completely different and be hard to compare?
I hope that everything will be thought through properly by launch or The Green Deal 'industry' may go the way of HIPs, Solar Photovoltaics, etc etc, bringing this governemt's green credentials further into doubt.
No comments:
Post a Comment