With electricity prices rising, homeowners are seeking alternative forms of energy. One business model which has sprung up to meet this need involves a company placing photovoltaic panels on a homeowner's roof and providing electricity to them from the panels, as well as selling back the energy created to their electricity company.
The document below provides guidance on solar panels and their implications for lenders when installed on a mortgaged property.
Solar Panels Guidance
Template letter for panel providers
The document below is a template letter which is designed to assist in the process of seeking consent from mortgage lenders in order to register the lease of roofspace for installing photovoltaic panels.
It provides a way of certifying to lenders that the providers meet certain minimum requirements. Individual members may wish to impose additional requirements above the standards set out in the template letter.