Buying A Property With Solar Panels Uk

However just because the panels are fixed to the property s roof it doesn t necessarily mean that they belong to the property owner.

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. 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. 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. Rent a roof schemes.

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. 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. The terms of the lease will also need to be carefully reviewed to ensure that installation of solar panels is permitted under the lease. Will you actually own the solar panels.

Payment rate at time of joining fit new build solar pv system 1 april 2010 31 march 2011. Solar panels are usually fixed to the most southerly facing pitched roof on a house.