As the price of energy rockets, generating solar power and using it within your own household now offers a far bigger saving than it used to. Not only can solar panels reduce your energy bills, they can also improve your carbon footprint, too. More and more people are remortgaging their current properties releasing equity to fund home improvements in the hope that the value of their property will increase in the long term. However, remortgaging could also be an option for funding solar panels. Solar power might not only increase the value of your property, but also tick the box for homeowners looking for an energy efficient house to reduce energy bills.
Mortgages
Three in five first-time buyers depend on the bank of mum and dad in order to get onto the property ladder, according to research by Just Group. In the last five years, 61 per cent of FTBs relied on financial help from relatives in order to purchase a property. In comparison, just 20 per cent of FTBs relied on financial assistance from relatives 30 years ago.
