Buying house with Solar Panels

Psycho Sonny · 20 Jan 2020 at 22:09

SeatIbiza said:
How do they buy the panels? If the roof is leased to another party, it is their roof for the purpose of attaching solar panels to it and likely protected under the LL&T Act 1954 i.e. it's a business tenancy. They might be willing to sell, but they're in business so will want requisite remuneration for that. I have 5/600 leases at work from which we make money, they're attached to properties and we never sell. On the whole these are 99-999 year leases at peppercorn rents...I imagine they're similar and don't want to sell as their business is income...

a lot will have a buy out clause

a1ex2001 · 21 Jan 2020 at 07:29

Proceed with caution but there is no need to walk away if this is a house you really want I wouldn’t loose it because of the panels. Solicitor and lender should be able to take care of this.

SeatIbiza · 22 Jan 2020 at 16:28

Psycho Sonny said:
a lot will have a buy out clause

Are they actually leases? As in proper, contracted in leases. If so, they'd have to be broken by a S.25 Notice and there is possibly statutory compensation payable on that...

eddie101 · 25 Jan 2020 at 11:06

You'll struggle to get a mortgage approved on a house with panels.