Written by Neil Marsh MCIPHE RP RHP EngTech
As of April 2018, if you are a landlord in England and Wales, and you are currently renting any properties within the private rental sector, the Government has made a change to the Energy Performance Certificate (EPC) regulations which could likely affect you…
It is good news for tenants, as many of them can expect reduced fuel bills as a result of these changes, but it may be costly for landlords, especially those with older properties and dated boilers.
Most landlords, unless legally exempt, will be obliged to ensure that any of their privately rented properties have a minimum EPC rating of E. Any landlord with an EPC rating lower than this will have to make modifications to their properties to raise their EPC rating. Where they fail to do so, landlords run the risk of being fined up to £4000.
This change of regulations applies to most new lets and renewals of tenancies within the private rented sector from the 1st April 2018. However, until 1st April 2020 it will not be extended to existing lets.
Many landlords will now have to invest in making properties they own more energy efficient order to improve their EPC ratings and therefore rent out affected properties. In many cases, this will mean boiler replacements and heating system upgrades, along with providing better insulation and replacing old windows.
It is also worth noting that we are expecting the Government to raise the minimum EPC rating to a C by 2035, and even further in the years ahead. Eventually, we expect reclassification of the ratings, pushing landlord requirements further.
For those landlords that need a new boiler as a result of this change, Forthright Bromyard are here to help. For new boilers in Hereford, Worcester, Bromyard and the areas around, should it be mains gas, LPG or electric, we are the local company to contact to ensure you get highly efficient and durable heating systems at competitive prices.
The Government are continually seeking new methods to promote energy efficiency. It would be wise as a landlord with property in England or Wales that you go above and beyond any current legislation requirements to better safeguard against changes in the near future that could require you to update aspects of your property further.