Buying a Property With Solar Panels

With energy prices being at a high, properties with solar panels are becoming more and more appealing to purchases. There are pro's and con's of purchasing a property with solar panels so it is important to look at them all before making an offer on a property with them.

‍

Benefits:

• Having them already installed at the property will save you thousands of pounds on installation fees.
• They are relatively easy to maintain and usually come with years of Warrenty.
• You will gain access to either free ot cheaper energy and you could potentially earn money back from them via a UK government scheme

‍

Negatives:

• Getting a mortgage on properties with leased solar panels is not as easy as a normal purchase and does slightly limited the amount of lenders you can go to.
• It is important to keep onto of maintenance to ensure they keep working effectively
• If they are leased, there can be restrictions involved that you need to be aware of so we advise to contact the lease company to find out what these could be.

‍

Always ensure that you inform your mortgage broker that the property you are buying has solar panels on them so they can ensure they approach the best lender for your circumstances.

‍

📩Admin@just4mortgages.co.uk

📱01623 622611

‍