At HoldenCopley, we take immense pride in supporting local landlords in and around Nottingham. We understand being a landlord is a challenging role, and complying with regulations is a considerable task.
One of the biggest challenges’ landlords have faced in recent years is ensuring their rental property is energy efficient. You need to have an EPC to let property, and your property must meet a suitable standard.
While nothing is likely to change in this regard soon, landlords should familiarise themselves with proposed changes to the EPC standards.
Do you agree with new EPC proposals?
On September 30th, the Government initiated a consultation process looking for opinions on a range of policy proposals.
They intend to maintain their commitment to upgrading the private rental sector in England and Wales to Band C of the Energy Performance Certificate by 2030.
The Government claims this process will offer huge benefits to tenants, landlords and the environment.
The proposals are as follows:
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All new tenancies from 1 April 2025 and all existing tenancies by 1 April 2028 will have to meet band C or higher on an EPC
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Landlords will be required to have a valid EPC in place at all times while a property is let
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Landlords will be required to install ‘fabric first’ measures e.g. insulation
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Landlords will be encouraged to support the uptake of smart meters
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Tenants will be able to request improvements and redress where a property does not meet the requirements
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Landlords will be required to provide an EPC prior to a property being advertised
Leading names in the industry have spoken out against proposed EPC changes
Meera Chindooroy, the Deputy Director of Policy at The National Residential Landlords Association (NRLA) has called for more financial support for landlords. Meera said; “Whatever the outcome of the consultation – it closes on December 30, so any new laws likely won’t be passed before the end of March next year – the direction of travel is clear. Landlords must accelerate the upgrade of their properties. We have consistently called for further funding to be made available to the sector to encourage landlords to go above and beyond the legal minimum.”
Timothy Douglas is the Association of Residential Letting Agents (ARLA Propertymark) Policy and Campaigns Manager, and he said; “On the face of it these proposals simply do not take into account the state of the UK's housing stock. We all want to see more energy efficient homes, but the new rules and requirements must be realistic and achievable. Landlords and their letting agents are already taking the brunt of tax changes and many are providing support to tenants with Covid-related arrears.”
Timothy concluded by saying; “A simplified [EPC] exemptions regime and additional financial support must be made available otherwise the measures in their current form, will not be achievable and that would mean further reductions in the supply of rented accommodation available.”
With such strong opposition, landlords should familiarise themselves with the proposed changes. If you feel strongly against them, there is an opportunity to state your opposition before the end of this year.
We offer property management, property to rent and property for sale in Arnold, Woodthorpe, West Bridgford, Hucknall, Carlton, Wilford, Mapperley and throughout the Nottingham area. If you would like to arrange an appointment to help you negotiate the local buy-to-let market, please contact Holdencopley today by calling us on 01158969800 or emailing steven@holdencopley.co.uk.