PART 5Estimates of savings and conditions relating to the plan

CHAPTER 2Conditions as to the amount of instalments and period of the plan, the terms of the plan and other matters

Instalments not to exceed savings

30.—(1) The first year instalments must not exceed the estimated first year savings(1).

(2) The payment period must not exceed the savings period(2).

(3) The green deal provider must, before the plan is entered into, notify the improver of—

(a)the improvement-specific first year savings;

(b)the improvement-specific savings period;

(c)the amount of the first year instalments attributable to each improvement (the “improvement-specific instalments”); and

(d)the period over which instalments are to be payable for each improvement (an “improvement-specific payment period”).

(4) The improvement-specific instalments must not exceed the improvement-specific first year savings.

(5) The improvement-specific payment period must not exceed the improvement-specific savings period.

(6) In this regulation “first year instalments” means the estimated total of instalments that are proposed to be payable in the first year of the plan.