Jump to content

Recommended Posts

Hi All


Was hoping to get some independent feedback on the Green Deal scheme and if it is actually worthwhile.


We have moved into a doer upper that is freezing cold and needs floorboard insulation, double glazed windows, new rads, probably a new boiler at some stage - these are just the things we know about. I'm sure if we had an assessment that they may find other things as well.


Was wondering if anyone had actually signed up the green deal and what their experience had been so far. I appreciate it's only recently launched.

Link to comment
https://www.eastdulwichforum.co.uk/topic/31106-the-green-deal/
Share on other sites

Floorboard insulation? Do you mean suspending insulation under bare floorboards on a ground floor?


Double glazing would take at least 15-25 years to pay itself back. Do you feel you need new radiators? Do they even qualify?


A good article here. Probably worth getting an assessment if it's free and you can cherry pick the quick and cheap wins.


http://www.telegraph.co.uk/property/greenproperty/9924717/Eco-living-could-you-take-out-a-Green-Deal-loan.html

I think there's bit of confusion isn't there? t-e-d?


I may have misunderstood, but it's just a loan isn't it? Yes, it's paid back through a levy on your electricity bill and can only be used on greening your house, but it's just a loan?


The government seem to offer a few hundred quid subsidy at most, but if you're going to do major heating or insulation work it'll be a ?10,000 loan paid off over 25 years at around 7% to 8%.


There's even early repayment fines. Some deal. HMG seem to be loan-sharking?


You'd be better off in many cases simply extending your mortgage wouldn't you?


Happy to hear that I'm wrong?

Lowlander Wrote:

-------------------------------------------------------

> You could be right Hugunot


Indeed, he/she/whatever is entirely correct. Though I wouldn't be quite so cynical. Although you will end up with a dodgy loan and some 'consultants' in your life, it can be worthwhile, especially if you're going to rent it out, in which case it'll be the tenants who pay the loan off (as it's them that see the benefit - unless, that is, you go for a cashback deal before renting it out, but only a grasping cynic would think of that dodge).


Originally, I think, the Green Deal was just focused on insulation, rather than other forms of home-improvements, but that seems to have changed, possibly because cavity wall insulation isn't a visible reason for putting the rent up (no matter if tenants would be already paying for it all), so you may be able to get it all done.


You do, however, have to get an 'assessor' round, who will almost certainly not be trying to drum up work for their employer, and therefore won't necessarily focus on adding wildly expensive, and hard-to-repay, elements to your loan, so you might want to do your own sums. Unless tenants will be paying, naturally.


It's still not entirely clear what the loans will be secured against or who will be underwriting them, which may mean everything's been thought through clearly. It looks like the energy companies will be on the hook for defaulters, but that might depend on the exact terms of the contract. As I understand it, the deal-seeker (who may be the owner, landlord or tenant) gets a contract with the Green Deal Provider, who gets paid by the energy company (or one of them, depending if the dual-fuel trap's been avoided) who has a contract with the bill-payer (who may or may not be the owner, landlord or tenant) and nothing can possibly go wrong, apart from the minor inconvenience of a disconnection if a bill doesn't get paid. But I'd check the terms of any agreement very carefully before signing it.

As I understand it the green deal was always intended for any measure that leads to an improvement in the energy efficiency of a home, not just insulation.


Agree that with an interest rate of 7 - 8% the Green Deal could prove more expensive than taking out a home owner loan / remortgaging

Thanks all, for your input. I'm not too convinced by the scheme either, the only thing I thought might make it worthwhile is the Government cashback for various things.


One of the things that puts me off most is that the debt is tied to your home, and that if you sell the new owner takes on the debt. Can imagine that putting a lot of potential buyers off.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Latest Discussions

    • Direct link to joint statement : https://thehaguegroup.org/meetings-bogota-en/?link_id=2&can_id=2d0a0048aad3d4915e3e761ac87ffe47&source=email-pi-briefing-no-26-the-bogota-breakthrough&email_referrer=email_2819587&email_subject=pi-briefing-no-26-the-bogot_-breakthrough&&   No. 26 | The Bogotá Breakthrough “The era of impunity is over.” That was the message from Bogotá, Colombia, where governments from across the Global South and beyond took the most ambitious coordinated action since Israel’s genocidal assault on Gaza began 21 months ago. Convened by The Hague Group and co-chaired by the governments of Colombia and South Africa, the Emergency Conference on Palestine brought together 30 states for two days of intensive deliberation — and emerged with a concrete, coordinated six-point plan to restrain Israel’s war machine and uphold international law. States took up the call from their host, Colombian President and Progressive International Council Member Gustavo Petro, who had urged them to be “protagonists together.” Twelve governments signed onto the measures immediately. The rest now have a deadline: 20 September 2025, on the eve of the United Nations General Assembly. The unprecedented six measures commit states to:     Prevent military and dual use exports to Israel.     Refuse Israeli weapons transfers at their ports.     Prevent vessels carrying weapons to Israel under their national flags.     Review all public contracts to prevent public institutions and funds from supporting Israel’s illegal occupation.     Pursue justice for international crimes.     Support universal jurisdiction to hold perpetrators accountable. “We came to Bogotá to make history — and we did,” said Colombian President Gustavo Petro. “Together, we have begun the work of ending the era of impunity. These measures show that we will no longer allow international law to be treated as optional, or Palestinian life as disposable.” The measures are not symbolic. They are grounded in binding obligations under international law — including the International Court of Justice’s July 2024 advisory opinion declaring Israel’s occupation unlawful, and September 2024’s UN General Assembly Resolution ES-10/24, which gave states a 12-month deadline to act. UN Special Rapporteur on the situation of human rights in the occupied Palestinian territory Francesca Albanese called them “a momentous step forward.” “The Hague Group was born to advance international law in an era of impunity,” said South Africa’s Foreign Minister, Ronald Lamola. “The measures adopted in Bogotá show that we are serious — and that coordinated state action is possible.” The response from Washington was swift — and revealing. In a threatening statement to journalists, a US State Department spokesperson accused The Hague Group of “seeking to isolate Israel” and warned that the US would “aggressively defend our interests, our military, and our allies, including Israel, from such coordinated legal and diplomatic” actions. But instead of deterring action, the threats have only clarified the stakes. In Bogotá, states did not flinch. They acted — and they invite the world to join them. The deadline for further states to take up the measures is now two months away. And with it, the pressure is mounting for governments across the world — from Brazil to Ireland, Chile to Spain — to match words with action. As Albanese said, “the clock is now ticking for states — from Europe to the Arab world and beyond — to join them.” This is not a moment to observe. It is a moment to act. Share the Joint Statement from Bogotá and popularise the six measures. Write to your elected representative and your government and demand they sign on before 20 September. History was made in Bogotá. Now, it’s up to all of us to ensure it becomes reality, that Palestinian life is not disposable and international law is not optional. The era of impunity is coming to an end. Palestine is not alone. In solidarity, The Progressive International Secretariat  
    • Most countries charge for entry to museums and galleries, often a different rate for locals (tax payers) and foreign nationals. The National Gallery could do this, also places like the Museums in South Kensington, the British Library and other tax-funded institutions. Many cities abroad add a tourist tax to hotel bills. It means tourists help pay for public services.
    • Having just been to Co-op to redeem a 50p off Co-op members' card voucher on an item that is now 50p more than it was last week, Tesco can't come soon enough
    • Surely that depends on the amount.  It can be quite piffling.  
Home
Events
Sign In

Sign In



Or sign in with one of these services

Search
×
    Search In
×
×
  • Create New...