Set an Interest Rate Cap and Model Contract for Green Deal

• Petition
• Statistics

Petition Action

Set an Interest Rate Cap and Model Contract for Green Deal

Additional Information

Financialisation of domestic energy efficiency improvements presents several risks for homeowners:

1. Variable interest rates without any Government guarantee that energy savings will outweigh hikes in (high street) interest rates that could become unaffordable.
2. Strategic planning for a given property is likely to be cursory, because the EPC process has to be inexpensive: homeowners are not experienced in planning for the 25 year term and measures may not keep pace with UKG policies and regulation.
3. As has been seen in the financial sector, there is a risk of unfair contracts: a model UKG contract is needed so that the whole property is not forfeited because of default on some inseparable improvement to it.

---

You can't sign this petition because it is now closed. But you can still comment on it here at Repetition.me!

Have your say on this petition!

comments powered by Disqus