Attwells | Client Led Lawyers | Property, Business, Employment, Dispute Resolution in Ipswich and London

  • area London:
  • telephone 0207 722 9898
  • area Ipswich:
  • telephone 01473 746 000
  • email info@attwells.com
    Follow us on twitter Facebook Linkedin Youtube

Solar panels can risk saleability of homes



12 April 2012
Many homes have agreed to rent out their roofs to solar panel companies for a typical term of 25 years in return for free electricity. However, many lenders have now decided that homes which are subject to these leases will not be lent mortgage funds. This decision effectively means that these homes have a limited market for sale of cash purchasers.

Skipton Building Society stated: “The Society will not lend where the panel provider is supplying and fitting panels free of charge, is taking income from the grid tariff scheme and is creating a long lease against the roof and roof air space.”

This could lead to increased litigation arising from sellers whose marketplace for the sale of their homes has suddenly been impacted by lenders taking this decision.

If you are a buyer purchasing a property that is subject to a solar panel then make sure you check out with your lender at an early stage whether or not they are prepared to lend as you may need otherwise to shop around for a lender who is prepared to lend.


to go back to news index click here..

Latest offers

our people

Use the text box and/or the drop down to find a member of staff

See the full list



news and events

10 April 2014

Dismissal: this really is the final straw

What’s the “final straw”? Where an employer commits a fundamen…

31 March 2014

Make a Will Week in St Johns Wood

Attwells Solicitors have recently taken part in Make a Will Week for S…

Attwells Solicitors LLP is registered in England & Wales. Registered number OC327266. VAT number 911 2527 59. Authorised and regulated by the Solicitors Regulation Authority, SRA No.466580 Ipswich end SRA No. 487697 St Johns Wood