Monday, 4 February 2013

Surveyors warn of Green Deal pitfalls

The Residential Property Surveyors Association has raised concerns over the finance mechanism and the future risks for conveyancers, estate agents and homebuyers, following the Green Deal’s official launch.

RPSA chairman Alan Milstein said: “The Green Deal is a strong concept that could significantly help homeowners and tenants to reduce their energy consumption and as a result, reduce their fuel bills too.

“However, as the first Green Deal finance schemes come into place, our members have voiced a number of concerns about whether a Green Deal loan is actually the most cost-effective route for many consumers, while highlighting a number of risks for the wider property profession.”

Mr Milstein argued that the Green Deal may not be the best route for some homeowners. “With early repayment penalties and the uncertainty surrounding how having a Green Deal loan attached to your property will impact on the future saleability of the property, for many homeowners it may be advisable to look at alternative ways to fund any energy efficiency measures, which they plan to introduce.

full article

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