Government forcing landlords to house non-paying tenants for lengthy periods11:18 AM, 15th September 2020
About A week ago 40
As soon as ECO funding for external wall insulation (EWI) was first announced I applied for funding for several properties through my Landlords Association.
After a survey, a tenant questionnaire and another EPC, I agreed to make a financial contribution towards the total cost of the EWI.
Now after a year of delays the Chancellor has moved the funding goal posts, in that EWI funding is now limited to 2/3rds upto £4,000.00 of the cost per property, with the balance financed by the Green Deal scheme, through the tenants electricity meter.
I have tenants who have been and still are with me after 8, 10 and 11 years, most of my tenants move on after 2 years or so, and therefore I do not think that Green Deal finance is suitable.
I would like to ask my fellow landlords how to move forward with the EWI ( which I think is essential ), how to increase the ECO funding to cover the EWI cost, and what other funding options are available for EWI and any other improvements, boiler, solar panels etc etc if possible.
My tenants are working people, not in receipt of any benefits who deserve the added comfort of EWI, just as much as some tenants who are on ‘benefits’.
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