Energy rebate/loan questions for student accommodation?
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
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Stamp duty trap transferring property back into sole name?
Member Since August 2015 - Comments: 342
10:38 AM, 16th February 2022, About 4 years ago
Reply to the comment left by Rennie at 16/02/2022 – 00:05
It’s even more poignant having to pay back a loan you never had, as shown in my second example and mentioned in your last post. Now you have made it clearer then yes I agree. Thanks for replying.