COVID-19 – Important Auction Information

New EPC measures: How much will it cost landlords?

22.07.2022

New measures are being considered by the government meaning that by the end of 2025, all tenanted properties will need a minimum Energy Efficiency Rating of C.

These new rules would mean all new tenancies started after the end of December 2025, will be required to have an EPC rating of C or above, whilst existing tenancies would need this from December 2028.

It is thought that around 18% of private rented homes would need more than £10,000 worth of work done to bring them up to an EPC band C, with a further 6% requiring over £15,000 to be compliable.

Back in 2020 it was discovered that most private renters lived in properties with a Band D and C, while 10% lived in homes with a Band E, followed by 4% in homes with a Band F or G.

Social renters lived in better performing properties with 63% of homes having a Band C and only 1% a Band F or G.

The poorer energy performance of the private rented sector is thought to be because it has a greater number of older properties, and typically less insulated housing stock in comparison to social housing.

Original source: https://www.landlordzone.co.uk/news/latest-18-of-rented-homes-will-need-10000-spent-on-them-to-achieve-epc-band-c-level/

News Article

17.08.2022

Welcome to the team: Bethany Winter

read more

15.08.2022

North Wales - Meet the team: Daniel Lawrence

read more

09.08.2022

How to keep your home cool during summer

read more

08.08.2022

Mortgage affordability test no longer required

read more

05.08.2022

5 reasons to sell your home in summer

read more

01.08.2022

Get ahead of new alarm regulations coming

read more