New EPC guidance for landlords

Sun 18 Sep 2022

Mark Bridge (MNAEA), Director & Owner

Now more than ever, it is essential to stay informed about your property's energy efficiency as a landlord.

With new government regulations stating that any new rental properties must have a minimum EPC rating of 'C' by 2025, and that all properties must comply by 2028, it is vital to understand where your property currently lies, and where it has the potential to be.
These EPC targets are part of the new government's efforts to improve household energy efficiency, reduce carbon emissions, and help with rising energy prices. Currently in the UK, all rental properties have been required to hold an EPC minimum of 'E'. A property cannot be legally rented out below this rating, unless it qualifies for exemptions. Similarly, properties that cannot feasibly reach a rating of 'C' due to their age, location, or structure, may qualify for exemption under the new laws. Recent industry reports carried out by Reapit reveal that over 51% of the private rental sector currently falls short of a 'C' rating, which is soon to be mandatory. Landlords are encouraged to start planning immediately for any and all necessary upgrades needed to meet the new targets. Anything from insulation, upgraded heating systems, and double glazing could imminently be on the horizon for a huge number of properties. 
The government may introduce some incentives or financial assistance schemes to help with the costs of these upgrades, and the better your knowledge of your property's EPC status, the more likely you are to gain access to that support if needed.  

The financial burden of compliance is undoubtedly intimidating... but as a landlord, it's important to consider that your investment in energy-efficient property improvements will...

• Reduce future maintenance costs.

• Improve the value of your property.

• Maximise rental value.

The new government shows promise for continued investments in the UK's climate change obligations, which is only likely to up the already high value people tend to place on energy-efficient homes. Properties with better EPC ratings are more attractive to tenants, particularly as household energy costs rise. They may be willing to pay higher rent for a more efficient home.
A poor EPC rating risks your property becoming unrentable under new and stricter regulations, a far more financially damaging blow than any energy upgrades you may now face.

Beyond legal compliance, having an energy-efficient property is a smart investment. Educated landlords can improve their property's sustainability and in turn, contribute towards a reduction in carbon emissions, as well as better living conditions for their tenants.

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In order to comply, minimise costs, and future-proof your property investments, it is essential to educate yourself about the EPC ratings of your property!

Using our Free EPC Tool is a quick and easy way to check your property's current rating and start to delve into the details. 

CLICK HERE to try out our Free EPC Tool today!
 

By using our tool, you can explore methods of improving your property's marketability and increasing its value, all whilst helping to build a greener future.

Don't wait until the deadlines loom! Check our your EPC rating today and stay ahead of the game.

 

p.s.  Are you curious what your house could be worth? Find out in around 53 seconds. Click here.

p.p.s. Download my eBook on how to get the best selling price for your home by clicking here.