It has been claimed that a landlord with an energy-efficient home to let will find it easier to find a tenant than one without.
Consequently, Pargaon Mortgages is advising all property investors not to waste their Landlord Energy Saving Allowance.
The allowance permits landlords to claim the cost of improving a dwelling with energy-efficient measures against their rent book income or corporation tax, up to the value of £1,500.
Paragon Mortgages states that, following the introduction of Energy Performance Certificates, landlords have to take green issues more seriously and they are keener to "improve the energy performance of their properties to make them more attractive to tenants".
The company advises them to "take full advantage of the tax breaks available" as cutting costs is vital in the current financial climate.
Elizabeth Brogan, senior policy officer at the National Landlords Association, suggests that energy efficiency is important as prospective tenants are beginning to look at how much a property will cost to run, as well as the actual rent levels, when they are looking at possible homes.
Published on: February 11, 2009