Last updated on February 16th, 2019 at 03:54 pm
If you were one of the lucky homeowners, who had free PV solar panels (photovoltaic) installed last year, then you may wish to sit down for this. With the rush and rise in popularity of rent a roof and free solar panels schemes, nobody asked themselves how do the banks feel about this?
For those that installed solar panels themselves, the outlook is good. The saleability of your home should you choose to, over the next 20 years has increased tenfold, and mortgage lenders are happy to lend.
But if you have a third party PV solar panel system on your roof, mortgage lenders are already beginning to reject mortgage and re-mortgage applications. (more…)