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It should also be pointed out that the average payback time on installing new double glazing on an average house is nearly 100 years if the installation is costed in the region of £4000. A new boiler (one of those planet saving condensing types which normally fail after less than ten years) will have an average payback time of nine years.
So the inventors of this scheme expect you to borrow money in the hope of saving money, which you won't, the payback time on the loan being 25 years and comes with the house when you sell it.
It doesn't make economic sense which is exactly why nobody is interested in it. It makes a payday loan look positively attractive.
Doh! Epic fail from the greenies.
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