However, a recent survey has shown that just 4% of landlords and tenants are fully aware of the new legislation coming in to place 1st April 2018 in regards to a minimum rating on an Energy Performance Certificate. Landlords with Buy-To-Let properties should be making preparations for this change, by checking their certificates to see if their EPC rating is above an E.
With fines reaching up to £4,000 it is advisable that all new lets have a minimum E rating, with this rule applying to all rental properties from 2020. Whilst the same survey found that up to 80% would not like the property that they own or rate to have it’s EPC rating improved, the same percentage did not know that an EPC could be a clear indication on the property’s environmental impact.
What is an EPC?
An EPC (or an Energy Performance Certificate) gives a property an energy efficiency rating from A (most efficient) to G (least efficient) and is valid for 10 years. All domestic and commercial buildings in the UK available to buy or rent must have an EPC.
Why is the law changing?
There is always a room for improvement for higher quality and better insulated homes. The number of properties which are rated F or G has fallen from 700,000 in 2012 to 300,000 today. It is important that we continue to raise the standards of housing.
How do I avoid a fine?
After the deadline passes, landlords must update the EPC on a tenant turnover, if not the penalty can be up to £4000 or money will be lost on empty properties which can’t be let until they meet the standards
If you are a current landlord with Seraph Property Management you can be assured that we will complete the appropriate audits to ensure you comply and if work needs to be done to improve the EPC rating you will hear from our Property Management Team with a plan of action.
If you have a property to let and require an Energy Performance Certificate in order for the property to be let. Please contact Seraph Property Management, we specialise in property management so can assist you to get your property ready for rental and to ensure you comply with all legislation.