Energy rebate/loan questions for student accommodation?

Energy rebate/loan questions for student accommodation?

10:53 AM, 10th February 2022, About 3 months ago 21

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OK so in October every house using electricity will get a £200 rebate (loan by stealth) then it has to be paid back over 5 years.

The information says that if someone shares and moves to a new property they don’t take a share of the £200 loan, they take all of it.

In a student house, one student generally registers for each bill, but they all acknowledge they use the items billed under joint liability. So under this scheme, the student whose me is on the bill takes the full debt with them and the others have no liability.

If two people’s names are on the bill and they go their separate ways, will each take a £200 debt with them? Thereby doubling the return to the government.

Chris



Comments

by Rbinscotland

11:21 AM, 10th February 2022, About 3 months ago

Yes it is a bag off worms or maybe Electric Eel's.

I had thought the same problem slightly different scenario. Landlord owns property ( property empty - very low gas / Electric figure ) £200 paid in CR from Gov scheme. Landlord can collect the underspend - on the same basis that he would have to pay standard daily charges, under the same set of circumstances. But poor tenant arrives and has to pay the £40 back. Obviously he would pay that wherever he stayed. But he may or may not have benefitted from the credit on the account !!

by Ron H-W

11:41 AM, 10th February 2022, About 3 months ago

As I understand it (maybe wrongly, so somebody please correct me!), this loan/debt is NOT personal, and is not even tied to the property.
* EVERY property will get this £200 rebate, whether the bill payer(s) want it or not.
* EVERY property will then be surcharged £40 per year for 5 years - even newly-built properties that became available too late to benefit from the £200 "loan".
* On the other hand, a property that gets demolished would probably not continue with this surcharge ...

Talk about a sledgehammer approach ...

by Chris Bradley

12:43 PM, 10th February 2022, About 3 months ago

Reply to the comment left by Ron H-W at 10/02/2022 - 11:41
I understood the loan is personal and not tied to the property as there was an example of someone sharing moves onto a new property, they take the debt with them

by Chris Bradley

12:44 PM, 10th February 2022, About 3 months ago

Reply to the comment left by Rbinscotland at 10/02/2022 - 11:21
As I understand it the loan is to the bill payer as on the details I read the loan moves with the bill payer if they move on, so in your situation you as the landlord would take the loan with you if you were paying at the time the loan was made

by Luke P

13:06 PM, 10th February 2022, About 3 months ago

Reply to the comment left by Chris Bradley at 10/02/2022 - 12:44
What is the situation with people not necessarily moving to another property (perhaps abroad) or with relatives where a bill is already being paid by the current occupiers with their own loan repayment???

by Chris Bradley

13:20 PM, 10th February 2022, About 3 months ago

Reply to the comment left by Luke P at 10/02/2022 - 13:06
That's the question. It seems that the bill payer is the one that carries the debt, but weither the debt is discharged after 5 years or weither it will follow you is another question

by Chris Bradley

13:27 PM, 10th February 2022, About 3 months ago

Reply to the comment left by Denise G at 10/02/2022 - 13:24
This article is different to the previous one I read which said the loan went with you to a new house, this basically says that's every bill will have £40 per year added irrespective if the £200credit was recieved by that house or person. So new builds not completed in time to receive the credit will still be paying the extra money

by Rbinscotland

14:35 PM, 10th February 2022, About 3 months ago

Reply to the comment left by Chris Bradley at 10/02/2022 - 12:44
That kinda makes sense. But if you have for example 3 empty properties that by virtue of the system makes you liable on the day 3 x £200 is added. Would I then be liable for £600 .
It seems its the property gets the loan, but at the time the person there is "the person there". If they move though as you say it goes with them.

by Rbinscotland

14:38 PM, 10th February 2022, About 3 months ago

Reply to the comment left by Chris Bradley at 10/02/2022 - 12:44
If you had not collected the underspend / the £200 you could end up paying back 3 properties £600.

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