Landlords need to prepare for new EPC rules from April 2018

 

All privately rented properties in the UK will need to have an EPC rating of E or higher from this April – and this could be raised to a minimum of band C by 2035.

Landlords will need to ensure their buy-to-let properties have minimum energy performance certificate (EPC) ratings of E on any new tenancy on a privately let property from April 2018. Where there is no change of tenancy, landlords will have until 1 April 2020 on domestic properties before the minimum rating rules apply to all existing tenancy arrangements.

EPC ratings currently range from A (most efficient) down to G (least efficient), and one must be obtained for every property in England and Wales that is either newly built, sold or rented. The certificates are valid for 10 years, and provide information about the property’s energy usage and running costs, as well as advice on minimising energy output.

If a local authority finds a landlord in breach of the new regulations after the April start date, they will be able to impose a fine of up to £5,000 per property, so it is vital that landlords are aware of the new rules – and take action to improve their property’s energy ratings if they fall below the required standard.

Cutting the bill

Installing double glazing, low-energy lightbulbs, room thermostats and extra insulation are all ways of improving a building’s energy performance. Although the measures can sometimes be costly for the homeowner, overall they will make the property more desirable for tenants as they will cut energy bills as well as make homes more comfortable to live in.

This week also saw MPs back a Bill that could mean that all domestic properties in England and Wales will need to achieve an EPC rating of C or higher by 2035. The proposal was put forward by Sir David Amess, Conservative MP for Southend West, who said that people living in “fuel poverty” should be helped to raise their EPC ratings.

The proposed Bill was unanimously supported in the Ten Minute Rule Motion, and will receive a second reading on 16 March which could see it progress further towards becoming legislation.

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800

ba-

Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator

.

Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.

Login

Not a member? Sign up for free

EPC

Landlords need to prepare for new EPC rules from April 2018

Example

By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.