Landlords 'need carrots and sticks' for Green Deal

23 May 2011

Written by Gavin Elley

A variety of policies should be introduced to ensure landlords in the commercial property sector comply with the Green Deal, according to one expert.

John Alker, director of policy and communications at the UK Green Building Council, condoned a reward and punishment approach.

His idea is a council tax or stamp duty rebate to provide financial encouragement alongside increasing difficulties in renting inefficient locations.

"It's a pretty lightweight stick in that the Green Deal is specifically designed so that there's no upfront cost either for the landlord or the tenant," he explained.

He added that landlords will have to initiate the necessary redevelopments, but he believes this will make electricity bills cheaper and improve properties.

Research from environmental group E3G found it doubtful that any ambitious retrofitting operations will take place under the current policy.

Its report Financing the Green Deal pointed out the high interest on loans for sustainable property improvements could create potential difficulties to the legislation's enactment.

Find out more on our commercial mortgages and how we can help you achieve your aims – enquire online.