Vicky: Of course, effectively you are paying for a product like double glazing, but you’re not putting anything extra that you’re not spending already. So, it’s not actually going to alter your outgoings.
David: No. Interestingly, the cost of the loan is attached to the property, not to the individual.
Vicky: Yeah.
David: It isn’t in your name, so if you move properties, it stays with the property.
Vicky: Yes.
David: It isn’t a commitment that you’re making personally. It’s so logical to get on and do it.
Vicky: Absolutely.
David: You get savings straightaway. You get the benefits from having made that upgrade, and the capital cost remains with the property and gets paid off over time with the savings from your fuel bill. It’s a win-win, really.
George: Yeah. There’s a thing that’s called the Golden Rule, which is a phrase that’s going around on the Green Deal. The Golden Rule is basically, that, obviously, to put a product in your house is going to cost x amount of money, which is in effect a loan that you’ve taken out on that product, and that has to cover its cost and pay for itself over that long period.
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