When you decide whether you want to go down the Lease or a Non-Lease agreement when selling your Feed-In-Tariff it's important to take everything into consideration. The Non-lease option was designed to give you a lot of flexibility and control over the process and during our long-term agreement because we do not take ownership over your panels.
With our Non-Lease arrangement you'll retain ownership of your PV System, all you're doing is changing the Feed-In-Tariff into our name. Going down the Non-Lease option makes the process very quick and easy only taking around 4 weeks for payment to be made to you. A Lease agreement or 'Airspace Lease' agreement as they are referred to will take considerably longer as they will need your mortgage providers permission whilst the non-lease doesn't as we don't own anything on your property and we do not register a lease against your property title.
The Non-lease option is perfect for those who are thinking of selling their property because it gives the homeowners the opportunity to cash in their Feed-In-Tariff for a sizeable Tax-Free Lump Sum at no cost to you. The lease could cause problems because there's a third-party interest over the property. The question to ask yourself is would you buy a house with a third-party having interest over it?
- With the Non-Lease, we don't require your mortgage providers permission
- If you wanted to install batteries to be more efficient, you can do so
- If you or the new homeowners wanted to terminate the contract you always have the ability to
- Throughout this process there will be no cost to you at all