En­ergy schemes bring warn­ing

Yorkshire Post - Property - - PROPERTY -

THE Royal In­sti­tu­tion of Char­tered Sur­vey­ors is warn­ing home­own­ers to be vig­i­lant when opt­ing to let their roof space for green en­ergy schemes, as do­ing so could vi­o­late mort­gage terms and put a prop­erty’s saleabil­ity at risk.

Many com­pa­nies are now look­ing to ben­e­fit from the coali­tion Govern­ment’s Feed in Tar­iff Scheme (FIT) by rent­ing roof space from home­own­ers to host so­lar panels. Un­der the scheme, the leas­ing com­pany can then sell the gen­er­ated en­ergy to power sup­pli­ers for a profit.

With many leases run­ning for up to 25 years, of­ten with­out a break clause, home­own­ers can find them­selves tied to agree­ments which could put them in breach of their mort­gage ar­range­ment.

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