Despite all my reservations with the Green Deal – mainly to do around the refurbishment of older solid walled properties, the inherent issues of the measurement system (rdSAP) and the interest rates that penalise the worse off – there seems to be a piece of goods news. Hurrah.
The obvious issue of interest rates (around 7% for the official Green Deal scheme) has been heard by the market and it is now responding. It looks as though eco-efficiency schemes can now be funded at more preferential rates by a couple of mortgage providers. Great to see Ecology Building Society being amongst them. For an article on this click here.
The over estimation that the rdSAP calculations might create are therefore less likely to cause householders to overstep the ‘Golden Rule’ with these much lower interest rates.
