Landlords urged to insulate their properties

Posted: 16 Sep 2008 10:29:14 GMT

            Property News - Landlords urged to insulate their properties

Landlords have been urged to accept the government's offer to help them with the cost of insulation.

Those buy-to-let property owners wishing to save themselves and their tenants some money during lean economic times can apply for a Landlords Energy Saving Allowance (LESA) to help fund cavity wall, floor and loft insulation in the rented sector this winter.

According to councillor Kate Kravis, west Somerset Council's portfolio holder for housing and wellbeing, owners of rented properties can claim back up to £1,500 worth of insulation costs per property in their portfolio.

"Not only will this help their tenants save money in these days of rocketing fuel bills, it will also increase the value of a landlord's property if they should decide to sell it," she explained.

"It's an all-round winner so we hope landlords will come forward and take advantage of this offer before winter sets in."

Recently, the government announced that it is extending the LESA scheme until 2015. Any landlord paying income tax can apply.

Earlier this month, research from the organisers of the upcoming Property Investment Show in London suggested that landlords are being forced to delve much deeper in order to uncover the next property gem in the market.

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