- Posted by Carl
- On 17th January 2017
Greenstone Finance and Aurium Capital Markets (“Aurium”) have bought the business and assets of the Green Deal Finance Company (“GDFC”).
GDFC will continue to service the existing Green Deal loans and will commence financing of new Green Deal loans in Q1, 2017.
Green Deal finance is a highly attractive offer because it allows consumers to meet the upfront costs of installing energy efficiency measures by providing a fixed interest rate over the lifetime of the finance plan. The key feature of the finance scheme is that the repayment of the loan is made with the customer’s energy bill and so can be managed more easily as the bills should be lower as a result of the energy savings made from the installation of the measure. In addition, Green Deal loan repayments are attached to the property, not the individual, and this means consumers can make the energy efficiency improvements without having to worry that they will be left with a loan to repay if they leave the property. Full details can be found on the GDFC website
This is great news for the rental market with the latest stage of the Minimum Energy Efficiency Standards (MEES) coming into effect soon.