Does your rental property hit the energy performance mark?
Government targets state that by the end of 2025, new lets will require an Energy Performance Certificate (EPC) rating of band C or above. Currently, just over half of all rental properties let out over the last 12 months had an EPC of band C or above, which is virtually unchanged on the previous 12 months.
Mortgage lenders will have new requirements too. They must ensure that the average performance of their domestic portfolios is at least EPC band C, by December 2030.
Landlords will not be expected to pay more than £3,500+VAT on energy efficiency improvements.
Source: Dataloft Rental Market Analytics (DRMA), UK Government – tenancies started 12 months to Feb 2022
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