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Going green can cause a solar storm

Richard Sexton MS blog 2012

Advances in photo voltaic technology – that’s solar panels to me and you –  mean that they are becoming increasingly viable as a source of micro electricity generation for the home.

Costs vary but for the much abused average household it is reasonable to expect a consideration of between £10,000 to £20,000 to retrofit a roof.  

Contrary to popular belief, they don’t necessarily add value to a property – many consider them ugly and if yours is the only house in a lane of rose covered cottages with these imposing slabs visible, your neighbours may be less than happy with the impact on their chances of winning ‘most beautiful village’.

In response to this downside, manufacturers are now producing PVs that look much more like normal roof tiles and hence blend in.

Of more concern may be the impact on borrowers’ ability to get a mortgage.

Lenders will be concerned if installations come with a requirement to cover maintenance costs,  onerous access rights for the provider, the requirement to leave them ‘switched on’ in the event of repossession or other obligations that may impair the marketing of the property. 

The Council of Mortgage Lenders has issued general guidance on what is usually acceptable but there is increasing anecdotal noise of applications falling down due to these issues. Trying to go green may make some applicants see red, it seems.


OBR says it expects prices to rise and little in way of new building

The Government’s mortgage indemnity guarantee element of its Help to Buy scheme will push up house prices but do little to stimulate house building, according to the Office for Budget Responsibility. OBR member and economist Stephen Nickell made the remarks while giving evidence to the Treasury Select Committee last week, having been asked what impact […]

UK house prices up 0.8% year-on-year

UK house prices moved into positive territory, on an annual basis, for the first time in over a year after 0.8 per cent growth in March.

The Mortgage Mole

Paddle power We all pledge to do crazy things down the pub. But spare a thought for Capital Bridging Finance principal Keith Aldridge who as a result of a late night pledge with friends, has been hard at it training for an epic 125 mile canoe ride from Devizes in Wiltshire to Westminster in the […]


Media Spotlight: In the Name of the People by Ivo Mosley

When I first set eyes on this book, I thought I would have to endure ranting words about lack of democracy and endless jargon that I would struggle to understand. But I was pleasantly surprised. In the Name of the People, written by Ivo Mosley who is the grandson of fascist leader Oswald Mosley, is […]

Show me the money – earnings are central to performance in Europe

Equity markets globally currently remain vulnerable to sharp shifts in sentiment caused by either unexpected or unwelcome outcomes in key upcoming political events (the US and German elections, Brexit and the Italian referendum). These top-down influences, combined with the current low global growth environment, will likely lead to broadly directionless markets, and prolong the current low beta return environment. We do, though, […]


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