Green Deal solution for landlords launched by NLA
Published by Max Salsbury for 24dash.com in Housing and also in Central Government, Environment
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The National Landlords Association (NLA) has today launched a Green Deal solution to help landlords make energy efficiency improvements to their properties.
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), ‘NLA Green Deal’ aims to make the process of making energy improvements as smooth and simple as possible.
Any works will be paid for via a loan attached to the property’s electricity bill - but the NLA says that the 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.
Richard Lambert, the NLA’s chief executive, said: “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.
“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.
“We encourage all landlords with properties in need of energy efficiency improvements to take advantage of the Green Deal – it’s a win-win situation for both landlords and tenants.”
Stephen Giacchino, Director for Strategy and Corporate Development at MITIE, said: “We are looking forward to working with the NLA to help landlords maximise the investment benefit that the Green Deal brings to their portfolio, while delivering energy savings and increased comfort to their tenants.
“Landlords will benefit from MITIE’s experience in managing over 200,000 tenanted properties in the UK, our technical capabilities and national reach to install the right measures to help in the campaign to alleviate fuel poverty.”
Nigel Hoath, Managing Director of ULS Group said: “The software we have created enables landlords to establish what aspect of Green Deal they should be eligible for at a click of a button. We are very pleased to continue to work with the NLA in providing innovative products for landlords’ needs.”
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.