Potential Homebuyers Are ‘Wary’ Of Homes With A Green Deal Loan
By Cynthia Taylor
Prospective home buyers are not very sure of buying a home or property that aleady has a Green Deal Loan attached to it.
In a survey conducted by Which? almost half of the 2,070 people polled said they would prefer to have a Green Deal loan already paid off before they committed to buy a property. Only 1/5th of the people polled said they will buy a home if there was a Green Deal loan attached to it.
The government’s Green Deal allows homeowners to be able to install measures that are energy efficient such as new boilers or insulate their homes, this is then paid back using the saving that are made on energy bills.
Executive Director or Which? Richard Lloyd, said that increased energy prices was one of the major worries by consumers, he continued that the energy efficient measures were vital to help people save money on their energy bills.
He continued that the Green Deal, might be workable for some people, however, like most financial products, as to whether the deal is good for an individual person will depend on their financial and personal circumstances. He stated that overall, people should be careful, they should shop around and read the small print very carefully.
Mr. Lloyd said that awareness of the available energy efficiency schemes has increased since its launch during January, it was up from 1/3rd over ½ (52%).
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