Buying A Property With Solar Panels Uk

When purchasing a property with the assistance of a mortgage and where there are already panels installed there are certain requirements issued by the council of mortgage lenders that the lease must comply with.

Buying a property with solar panels uk.

Solar panels are usually fixed to the most southerly facing pitched roof on a house. The owner of the property you re interested in buying should be able to provide details of the payments they re receiving through the scheme and how much time is left on the contract. The presence of the solar panels could have an adverse impact on a mortgage lenders security therefore when installing the panels the home owner should have obtained their lenders consent. In 2010 the uk government introduced the feed in tariff fit which was in hindsight so generous that many companies offered to fit solar panels for free.

As a buyer certainly shouldn t be put off buying a property with solar panels however if the panels lack the mcs accreditation or were installed as part of a rent a roof scheme we would be very cautious. Will you actually own the solar panels. To discuss listing your property or to get further advice on buying or selling a house with solar panels call us on wokingham 0118 977 6776 or crowthorne 01344 779 999. We would certainly seek legal advise if this is the case just to see where you stand.

The terms of the lease will also need to be carefully reviewed to ensure that installation of solar panels is permitted under the lease. If you re considering buying a leasehold property with solar panels the freeholder will need to be contacted to ensure that the necessary permission has been obtained.