ARLA Propertymark comments on the upcoming energy efficiency deadline for landlords
David Cox, Chief Executive, ARLA Propertymark comments on the upcoming energy efficiency deadline for landlords:
“Landlords now only have one month to ensure their properties comply with the Government’s minimum energy efficiency standards. From 1st April, all rented properties on new lets (including renewals) must be minimum EPC rated E.
“Landlords have been responding to tenants’ demands for better quality and better insulated homes over the last few years; the number of properties which are EPC rated F or G has fallen from around 700,000 in 2012, to 300,000 today. However, there are still a lot which don’t meet the standards.
“After the deadline passes at the end of this month, landlords face fines of up to £4,000 for flouting the law, or losing money on empty properties which can’t be let until they meet the standards. This will also have implications on the wider rental market, which is in the midst of a serious supply crisis. There are Green Deal finance plans available and you can contact companies such as Propertymark’s industry supplier ECO-Energi to find out how to upgrade your property for a low cost. For any landlords who haven’t yet started to upgrade their properties, now is the time to act – and quickly.”
Kindly shared by ARLA Propertymark