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Home arrow News arrow Europe arrow NLA launches Green Deal package for UK landlords

NLA launches Green Deal package for UK landlords

Friday, 08 February 2013
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The National Landlords Association has launched a Green Deal software, guidance and advice solution which it says will enable landlords to make energy efficiency improvements to their properties with ease.

The Government’s Green Deal offers landlords and home owners a cost neutral solution to making their properties more energy efficient. Improvements such as cavity wall insulation, loft insulation, double glazing and boiler replacement can be made and any up front cost to the landlord is refundable.

Partnered with providers MITIE and United Legal Services Ltd (ULS), the NLA Green Deal aims to make the process of making energy improvements as smooth and simple as possible. It will help them assess the eligibility of their properties and find a provider for installing the improvements.

The works are paid for via a loan attached to the property’s electricity bill. But importantly, the electricity bill will never be more expensive than it would have been if the works had not been carried out. In essence, the energy savings made through the works will be equal to or more than the cost of the Green Deal grant.

‘Partnering with MITIE and ULS enables us to offer all private landlords an end to end, cost effective solution with energy company subsidy and/or Green Deal finance. MITIE’s relationship with the different ECO and Green Deal providers as well its national delivery capability will ensure the best end to end solution for both landlords and tenants, and ULS will be able to supply the key support systems needed, as well as essential advice and guidance to assist landlords through this process,’ said Richard Lambert, chief executive officer of the NLA.

‘The Government’s Green Deal initiative highlights how important it is that the UK’s housing stock is energy efficient. Landlords only have a few years to comply with the scheme until their hands will be forced. And with the private-rented sector playing such a prominent role in the provision of housing, this is a key opportunity for them to prove they are able to self regulate,’ he explained.

‘We encourage all landlords with properties in need of energy efficiency improvements to take advantage of the Green Deal as it’s a win-win situation for both landlords and tenants,’ he added.

Stephen Giacchino, director for strategy and corporate development at MITIE, said that landlords will benefit from MITIE’s experience in managing over 200,000 tenanted properties in the UK.

And according to Nigel Hoath, managing director of ULS Group, the software enables landlords to establish what aspect of Green Deal they should be eligible for at a click of a button.
 
The Department for Energy and Climate Change (DECC) estimates that expenditure on Green Deal measures is likely to be worth up to £17 billion over the next 10 years.

This story relates to: Landlords  Property  eco friendly  energy  property market  uk  [SEE ALL]


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