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Government's energy-efficient offer "an all-round winner" - buy to let mortgages

12 September 2008

A councillor has urged landlords to take advantage of the government's scheme to help them install energy-efficient measures in their homes.

Kate Kravis, the portfolio holder for housing and well-being for West Somerset council, has highlighted the fact that those with buy to let mortgages can claim back up to £1,500 paid out for insulation work.

She added that this could benefit both landlords and tenants - and help to keep occupants warmer.

"Not only will this help their tenants save money in these days of rocketing fuel bills, it will also increase the value of a landlord's property if they should decide to sell it," she remarked.

People should take action before the winter sets in, she advised, describing the government's offer as an "all-round winner".

The landlord's energy saving allowance scheme has been extended to 2015.

Insulation for hot water systems and draught proofing are among the improvements it will aid financially.

ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

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