In September this year, the government scrapped the upcoming EPC changes for rental properties.
Under the proposals, landlords had to ensure their properties had an Energy Performance Certificate (EPC) rating of C or higher. Originally, this target had to be met for new tenancies by 2025, followed by all tenancies from 2028.
Earlier this year, this deadline changed. In March 2023, the government announced that all rental properties had to have an EPC rating of C or better by 2028.
All of these EPC changes have now been abandoned. Instead, the government says it will encourage landlords to upgrade the energy efficiency of their properties where possible. In short this is due to the cost anticipated to upgrade properties to a C standard in times of the cost of living crisis.
It may still be worth upgrading the energy efficiency of your rental property as this will make it more attractive to tenants and to future purchasers. It may also effect if a mortgage company is willing to lend on the property.
In short this is a big relief to many landlords for the time being, however, this is not to say there may be future regulation regarding property EPCs. It is still worth looking at possible grant schemes that may be available from the government for insulation and boiler upgrades.
For more detail advice and information on (01603) 305805 / option 3 to speak to an expert.
